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Nathan Andrada – Fourth Estate Cooperative Contributor Tokyo, Japan (4E) – Japan’s exports surged in May to its highest level since 2010 as the yen weakened, the latest sign that Prime Minister Shinzo Abe’s plan to boost the economy is gaining traction. The Finance Ministry said on Wednesday in Tokyo that exports climbed 10.1 percent [...]
Nathan Andrada – Fourth Estate Cooperative Contributor New York, NY, United States (4E) – Billionaire investor Carl Icahn increased his bid offer to take control Dell Inc., adding he has almost doubled his stake in the struggling PC maker while also urging the company to launch a $ 14-per-share tender offer for 1.1 billion shares. [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Detroit, MI, United States (4E) – Chrysler Group LLC said it would begin recalling 2.7 million units of older Jeep models and make modifications that will lower the risk of fuel leaks in low-speed collisions even as the investigation by the National Highway Traffic Safety Administration (NHTSA) on [...]
United States (KaiserHealth) – Early this year, officials at Littler Mendelson, the largest U.S.-based law firm representing management in employee benefits and labor law, surveyed the landscape as the Obama administration began implementing the Affordable Care Act. They knew big money was to be made. Businesses large and small were grappling with how – or [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Tokyo, Japan (4E) – Japan’s exports surged in May to its highest level since 2010 as the yen weakened, the latest sign that Prime Minister Shinzo Abe’s plan to boost the economy is gaining traction. The Finance Ministry said on Wednesday in Tokyo that exports climbed 10.1 percent [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Washington, DC, United States (4E) – U.S. housing starts bounced back in May because of increased number of apartment construction, according to government data released on Tuesday, a sign that the construction sector is continuing its recovery even with rising mortgage rates. Construction of new homes rose 6.8 [...]
Nathan Andrada – Fourth Estate Cooperative Contributor New York, NY, United States (4E) – The International Monetary Fund (IMF) on Tuesday cuts Russia’s economic growth in 2013 due to weak investment because of soft external demand, but hailed its monetary and fiscal measures. The Washington-based lender said in a statement on Tuesday that gross domestic [...]
Nathan Andrada – Fourth Estate Cooperative Contributor New York, NY, United States (4E) – Credit rating agency Standard & Poor’s on Monday lowered Venezuela’s sovereign debt over worries that political and economic crisis is increasing under the administration of its new president, Nicolás Maduro. Venezuela’s credit rating was downgraded by S&P from B-plus to B, [...]
Nathan Andrada – Fourth Estate Cooperative Contributor New York, NY, United States (4E) – Credit rating agency Standard & Poor’s on Monday lowered Venezuela’s sovereign debt over worries that political and economic crisis is increasing under the administration of its new president, Nicolás Maduro. Venezuela’s credit rating was downgraded by S&P from B-plus to B, [...]
Bernadette Carreon – Fourth Estate Cooperative Contributor Guam, United States (4E) – The Government Accountability Office said that the military does not have reliable information to support its $ 12.1 billion cost estimate to restructure U.S. forces in Guam and Northern Mariana Islands. The cost estimate also will not be enough to relocate Marines from [...]
Bernadette Carreon – Fourth Estate Cooperative Contributor Suva, Fiji (4E) – The USAID/ADAPT Asia-Pacific Second Annual meeting is being held in Fiji , its about climate change adaptation needs and priorities of Pacific Island countries. More than 100 participants, including government officials from 14 Pacific Island and six Asian countries, representatives of multilateral and bilateral [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Washington, DC, United States (4E) – U.S. officials have frozen bank accounts of the world’s biggest Bitcoin exchange following a statement from regulators months ago warning such entities should still follow to the same rules on anti-money laundering. The Department of Homeland Security seized an account Tuesday owned [...]
Nathan Andrada – Fourth Estate Cooperative Contributor New York, NY, United States (4E) – Credit rating agency Standard & Poor’s on Monday lowered Venezuela’s sovereign debt over worries that political and economic crisis is increasing under the administration of its new president, Nicolás Maduro. Venezuela’s credit rating was downgraded by S&P from B-plus to B, [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Paris, France (4E) – International Energy Agency (IEA) said on Tuesday that oil production in North America will lead the growth in worldwide supply over the next several years, citing the advancement in production methods like fracking and other technologies that allow access to reserves that used to [...]
Fourth Estate Cooperative Staff Mexico City, Mexico (4E) – United States President Barack Obama Thursday reached Mexico on the first stop of his three-day trip to two-nation trip during which he will also visit Costa Rica to attend a summit with Central American leaders. Upon his arrival in Mexico, Mexican President Enrique Pena Nieto hosted [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Shanghai, China (4E) – Cnooc Ltd. set a record for the biggest bond offering by a Chinese company by selling $ 4bn of debt on Thursday, amid a debt boom in the Asia-Pacific region. Investors worldwide rushed in to bid for about $ 23.8bn of notes especially asset [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Washington, DC, United States (4E) – U.S. housing starts bounced back in May because of increased number of apartment construction, according to government data released on Tuesday, a sign that the construction sector is continuing its recovery even with rising mortgage rates. Construction of new homes rose 6.8 [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Managua, Nicaragua (4E) – Nicaraguan lawmakers has given the green light to a project that would build a canal that will connect the Pacific Ocean with the Atlantic. A Nicaraguan congressional committee has agreed to give the concession to build and operate a canal to a China-based consortium, [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Washington, DC, United States (4E) – Properties with foreclosure filings in the U.S. declined 28 percent in May from the same period in 2012, market researcher RealtyTrac said. Last month, 148,054 U.S. properties had default notices, bank repossessions and scheduled auctions, an increase of 2 percent from April’s [...]
ProPublica Staff NY, NY, United States (ProPublica) – by Al Shaw With warmer weather arriving, long-shuttered train lines reopening and a revamped boardwalk, people are flocking back to the beachfront on the Rockaways in Queens. And they’re not just coming to lie on the sand. They’re here to buy property on the 11-mile-long peninsula ravaged [...]
Bernadette Carreon – Fourth Estate Cooperative Contributor Port Vila, Vanuatu (4E) – Pacific governments should stop issuing licenses for deep sea mining, according to the Pacific Conference of Churches. Pacific Conference of Churches Treaties Adviser Murray Isimeli said yesterday the region could not afford damage to the environment from testing. “There is no evidence on [...]
Nathan Andrada – Fourth Estate Cooperative Contributor Brussels, Belgium (4E) – The European Union took its trade disputes with China to another level by filing a complaint at the World Trade Organization (WTO) over Chinese tariffs. The EU is looking for a WTO ruling over punitive import tariffs by China punitive import tariffs imposed on [...]
Nathan Andrada – Fourth Estate Cooperative Contributor New York, NY, United States (4E) – Alcoa Inc.’s credit rating was downgraded by Moody’s Investors Service to one level below investment grade after global oversupply caused metal prices to fall. Moody’s cut Alcoa’s debt rating to junk status on Wednesday, from Baa3 to Ba1 with stable outlook. [...]
Nathan Andrada – Fourth Estate Cooperative Contributor London, United Kingdom (4E) – Steelmaker giant Tata Steel said it wrote off $ 1.6bn of its assets based in Europe. The problem was related to the company’s acquisition of Corus. In 2007, the Indian company aggressively positioned itself in Europe, acquiring Corus in 6.2bn-pound deal, although it [...]
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Surging property market in London and the south-east boosts housebuilder Housebuilder Berkeley has reported a 26% jump in annual pre-tax profits on the back of the surging property market in London and the south-east. Berkeley reported revenues of £1.4bn for the year ending April 2013, up more than 30% on last year, helped by advance [...]
(Reuters) – News Corp's publishing and entertainment arms began trading separately on a preliminary basis on Wednesday, one of the last steps before Rupert Murdoch's company officially splits in two on June 28. Shares of the new News Corp, the publishing arm that includes properties such as The Wall Street Journal, opened at $ 15.28 [...]
WASHINGTON (Reuters) – The United States, in first report on Russia’s compliance with its World Trade Organization commitments, said on Wednesday it was closely watching Moscow for any violations that thwart U.S. exports to world’s sixth-largest economy. But in the report required by Congress, the U.S. Trade Representative’s office did not announce any definite plans [...]
By Bernie Woodall (Reuters) – Electric car maker Tesla Motors Inc will recall 1,228 of its 2013 Model S cars manufactured between May 10 and June 8 due to a defect in the mounting bracket of the rear seat. The fix will cost Tesla about $ 150,000 during the second quarter, company spokeswoman Shanna Hendriks [...]
