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Pump Up in Demand Fuels Gasoline

Wall Street Journal Online - Wed, 12/04/2013 - 5:43pm
Gasoline prices are rising as the holiday season kicks off, as stronger demand in the U.S. and elsewhere takes a bite out of fuel supplies.
Categories: Financial News

Mexico radioactive material found

BBC News World - Wed, 12/04/2013 - 5:35pm
Radioactive medical material taken when a truck was stolen in Mexico has been found, but its condition remains unclear.
Categories: World News

EU Hands Out Record Fine in Rate Probe

Wall Street Journal Online - Wed, 12/04/2013 - 5:27pm
Six financial institutions were fined $2.32 billion by European Union regulators for colluding in an attempt to manipulate key benchmark interest rates, the EU's largest-ever penalty in a cartel case.
Categories: Financial News

Moody's Raises Spain's Rating Outlook

Wall Street Journal Online - Wed, 12/04/2013 - 5:22pm
The ratings firm cited "evidence of a sustained rebalancing" in the country's economy that supports its view that public finances are slowly improving.
Categories: Financial News

Rockwell's 'Saying Grace' Fetches $46 Million

Wall Street Journal Online - Wed, 12/04/2013 - 5:12pm
Norman Rockwell's "Saying Grace," a painting that adorned the cover of the Saturday Evening Post in 1951, sold for $46 million at Sotheby's in New York, setting a record for the American Art category.
Categories: Financial News

Parts of UK wait for wind and floods

BBC News World - Wed, 12/04/2013 - 4:32pm
Large swathes of the UK are braced for a storm, bringing with it gale-force winds, possible travel disruption and the risk of coastal flooding.
Categories: World News

Meet the New Richest Person in China

Time Magazine Latest Money News - Wed, 12/04/2013 - 4:18pm
The founder of China’s largest search engine, Baidu, became the richest person in China Wednesday, according to the Bloomberg Billionaire Index. Robin Li, who took the number two spot two weeks ago as Baidu shares rallied, was worth $12.231 billion Wednesday, according to Bloomberg. That’s enough to beat out Wang Jianlin, who founded China’s largest commercial property developer and movie theater operator, by $64 million. [Bloomberg]
Categories: Financial News

Barrick Gold Upends Board

Wall Street Journal Online - Wed, 12/04/2013 - 4:14pm
Barrick, the world's largest gold miner, announced a raft of boardroom changes and the exit date of founder and chairman Peter Munk, as it looks to ease investors' concerns over corporate governance at the gold-mining giant.
Categories: Financial News

Osborne to make fresh spending cuts

BBC News World - Wed, 12/04/2013 - 4:13pm
George Osborne will announce a fresh round of spending cuts for Whitehall departments when he gives his Autumn Statement on Thursday.
Categories: World News

Stocks Fall Amid Budget Talks

Time Magazine Latest Money News - Wed, 12/04/2013 - 4:11pm
Stocks in the United States dropped for the fourth straight day Wednesday, as investors looked for clues about a possible looming policy change in the Federal Reserve and hoped for a budget deal on Capitol Hill. The S&P 500 fell 0.1 percent to 1,792.81. The four-day slump is the longest run of declines for the S&P 500 in 10 weeks in what has otherwise been a banner year that has seen it climb 26 percent, Bloomberg reports. The Dow Jones Industrial Average dropped 24.85 points, 0.2 percent, to 15,889.99. [Bloomberg]
Categories: Financial News

Sunderland 3-4 Chelsea

BBC News World - Wed, 12/04/2013 - 4:06pm
Eden Hazard scores two fine goals as Chelsea increase Sunderland's relegation fears in a seven-goal thriller.
Categories: World News

Arsenal 2-0 Hull City

BBC News World - Wed, 12/04/2013 - 3:57pm
Nicklas Bendtner's rare goal helps Arsenal sweep past Hull to maintain their lead at the Premier League summit.
Categories: World News

Rockwell painting in record sale

BBC News World - Wed, 12/04/2013 - 3:51pm
A Normal Rockwell painting sells for $46m (£28m) in New York, a new record for a piece of American art sold at auction.
Categories: World News

Martin Bashir resigns from MSNBC

BBC News World - Wed, 12/04/2013 - 3:43pm
Martin Bashir resigns from liberal US news and chat network MSNBC after "offensive" remarks about former US vice-presidential candidate Sarah Palin.
Categories: World News

Liverpool 5-1 Norwich City

BBC News World - Wed, 12/04/2013 - 3:35pm
Luis Suarez scores four goals as his virtuoso performance overwhelms Norwich at Anfield.
Categories: World News

Jamaica Scientist Launches Medical Marijuana Firm

Time Magazine Latest Money News - Wed, 12/04/2013 - 3:22pm
(KINGSTON, Jamaica) — A prominent Jamaican scientist and entrepreneur is launching a company that aims to capitalize on the growing international market for medical marijuana. Henry Lowe is a researcher who specializes in medicinal chemistry and the chairman of an institute that develops therapeutic and cosmetic products from various plants. Lowe is calling his new venture “Medicanja.” He says it will focus on medicinal compounds in marijuana, known locally as “ganja,” and will not violate any laws or treaties. Marijuana has been pervasive but prohibited on the Caribbean island since 1913. But increasingly vocal advocates say Jamaica could give its chronically struggling economy a big boost by embracing cannabis-related investing and loosening up drug laws. Lowe asserted Wednesday that Jamaica has potential to become a powerhouse in medical marijuana and health tourism.
Categories: Financial News

Beached whales dead in Florida

BBC News World - Wed, 12/04/2013 - 3:14pm
Six whales die and as many as 40 more are stranded after a pod beached off Florida's Everglades National Park.
Categories: World News

SAC Analyst Describes How Fund Sought Information

Wall Street Journal Online - Wed, 12/04/2013 - 3:03pm
SAC Capital placed such importance on information gathered from company executives when deciding which stocks to buy or sell that it offered training sessions led by "intelligence professionals" on how to use meetings to extract clues, jurors were told.
Categories: Financial News

Three Wall Street Trade Associations Sue U.S. Regulator

Wall Street Journal Online - Wed, 12/04/2013 - 2:43pm
Three Wall Street trade groups are suing the Commodity Futures Trading Commission alleging procedural violations at the agency.
Categories: Financial News

Madoff Ex-Exec Details Alleged Forgeries

Wall Street Journal Online - Wed, 12/04/2013 - 2:43pm
Witness gives account in court of inner-workings of the giant Ponzi scheme, including techniques for forging documents.
Categories: Financial News

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