Month: March 2013

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Why Martha Roasted the Hand That Fed HerA second Fed official says wants to pare asset purchasesTrading cushions Glencore’s 2012 profit dropBerkshire on hunt for more Heinz-like deals

Markets keep rising after Dow hits record highUS stock market isn’t the only one racing aheadJustin Bieber Faces His Fans In London After Apologizing For Late Concert!Trading cushions Glencore’s 2012 profit drop

The markets kicked off the day on a positive note with the Dow later hitting an all-time high fueled by encouraging economic data. The latest Non-Manufacturing ISM report on business shows better than expected growth in economic activity in the services sector, rising to 56.

Apollo Group (APOL) was upgraded by Deutsche Bank (DB) from sell to hold with a price target of $17 as the firm believes that the current stock price provides investors with an attractive entry point. Shares are higher by about six percent.

Dow Hits All-Time High: What?s Next for Lofty Stock Market?US futures rise; Dow closes in on record highChina Bank Securitizing U.S. LoansRBS plans IPO for U.S. arm Citizens in next two years

Britain’s Finance Minister George Osborne was isolated when he met with his EU counterparts on Tuesday, as the UK is the only member state which wants to water down a European cap on bankers’ bonuses. The City of London is the region’s financial centre, and the British government is afraid of an exodus of bankers and staff. Joanna Partridge reports

Daimler CEO Zetsche sees European sales pick up later in 2013Renault CEO: Carmakers must push outside EuropeCar makers warn of weak European market for yearsFiat CEO says has had informal talks on Chrysler financing

Ferrari to sell new supercar for 1 million eurosSenate Report Said to Fault JPMorganMeggitt says U.S. unit cleared of 787 fire blameEgypt is in for trouble with or without the IMF

Fiat CEO says has had informal talks on Chrysler financingAfghanistan Convicts 21 in Kabul Bank ScandalEconomists were opposed to automatic spending cutsBernanke: Premature Fed pullback could ‘short-circuit’ recovery