Provides the latest RSS feeds for Dow Jones News. For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page Phoenix Herald.com http://www.phoenixherald.com/index.php/cat/c24c840dfc7b60a7/ en-us Wed, 19 Jun 2013 21:53:21 -0400 Wed, 19 Jun 2013 21:53:21 -0400 30 Sunseeker's luxury yachts have been used in various James Bond films, making the iconic brand even more desirable to Chinese firm Dalian Wanda ... http://www.phoenixherald.com/index.php/sid/215309492/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 20:06:57 -0400 http://www.phoenixherald.com/index.php/sid/215309492/scat/c24c840dfc7b60a7 US stocks have fallen sharply after Federal Reserve chairman Ben Bernanke said the Fed may begin to taper bond purchases later this year. The Dow Jones Industrial Average sank 206.04 (1.35 per cent) to ... http://www.phoenixherald.com/index.php/sid/215309201/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 19:22:21 -0400 http://www.phoenixherald.com/index.php/sid/215309201/scat/c24c840dfc7b60a7 Fed Chairman Ben Bernanke's news conference is on a television screen on the floor of the New York Stock Exchange Wednesday, June 19, 2013. The Federal Reserve offered a hint Wednesday that it's moving closer to slowing its bond-buying program, which is intended to keep long-term interest rates at record lows. (AP Photo/Richard ... http://www.phoenixherald.com/index.php/sid/215308400/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 19:01:07 -0400 http://www.phoenixherald.com/index.php/sid/215308400/scat/c24c840dfc7b60a7 NEW YORK, June 19, 2013 /PRNewswire/ --S&P Dow Jones Indices is updating the market cap guidelines for its U.S. indices. Effective today, the new guidelines ... http://www.phoenixherald.com/index.php/sid/215309203/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 18:59:36 -0400 http://www.phoenixherald.com/index.php/sid/215309203/scat/c24c840dfc7b60a7 Stocks fell sharply Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank could slow its massive bond purchases this year and end them by mid-2014 if the economy improves enough. High-dividend stocks like telecommunications and utilities fell the most. Markets have been making big swings in recent weeks as traders try to anticipate when the Fed will ease back on the ... http://www.phoenixherald.com/index.php/sid/215309202/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 18:59:34 -0400 http://www.phoenixherald.com/index.php/sid/215309202/scat/c24c840dfc7b60a7 ) scores are calculated based on share prices, not percentage moves or market caps. It's a somewhat controversial choice that makes a big difference to the way share price swings affect the index. Here's how this choice played out on Wednesday. (All stock prices are current as of 2 p.m. EDT ... http://www.phoenixherald.com/index.php/sid/215307871/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 17:53:41 -0400 http://www.phoenixherald.com/index.php/sid/215307871/scat/c24c840dfc7b60a7 Wed Jun 19, 2013 5:43pm EDT * Shares tumble after Fed chief signals stimulus could be pared back * Fed maintains pace of bond purchases for the present * REITs slump after Bernanke comments * Adobe, FedEx rise after results; Sprint tumbles * Indexes off: Dow 1.3 pct, S&P 500 1.4 pct, Nasdaq 1.1 pct By Ryan Vlastelica NEW YORK, June 19 (Reuters) - U.S. stocks fell more than 1 percent on Wednesday ... http://www.phoenixherald.com/index.php/sid/215308342/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 17:43:49 -0400 http://www.phoenixherald.com/index.php/sid/215308342/scat/c24c840dfc7b60a7 The U.K. government is actively preparing to start unwinding its ownership of two of the country's biggest banks, which it bailed out during the financial ... http://www.phoenixherald.com/index.php/sid/215305521/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 16:46:32 -0400 http://www.phoenixherald.com/index.php/sid/215305521/scat/c24c840dfc7b60a7 NEW YORK, June 19 | Wed Jun 19, 2013 3:53pm EDT NEW YORK, June 19 (Reuters) - U.S. stocks extended losses in late trading session, with the Nasdaq falling more than 1 percent, after Federal Reserve Chairman Ben Bernanke said the Fed could reduce the rate of stimulus this year if the economy continues to improve. The Dow Jones industrial average was down 179.62 points, or 1.17 percent, at ... http://www.phoenixherald.com/index.php/sid/215305440/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 15:53:22 -0400 http://www.phoenixherald.com/index.php/sid/215305440/scat/c24c840dfc7b60a7 KUALA LUMPUR -- Sovereign wealth fund 1Malaysia Development Bhd plans to raise about US$1 billion through a public listing of its power assets in Malaysia next year, Dow Jones Newswires has ... http://www.phoenixherald.com/index.php/sid/215304608/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 15:44:16 -0400 http://www.phoenixherald.com/index.php/sid/215304608/scat/c24c840dfc7b60a7 Massachusetts voters heard a lot about private equity last night, but not all of it was accurate. FORTUNE -- Gabriel Gomez and Ed Markey squared off last night in the final debate before next Tuesday's special election in Massachusetts, the winner of which will fill out the remainder of John Kerry's term as a U.S. Senator. And, unlike in the prior two debates, there was significant ... http://www.phoenixherald.com/index.php/sid/215305061/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 15:38:03 -0400 http://www.phoenixherald.com/index.php/sid/215305061/scat/c24c840dfc7b60a7 The Federal Reserve may not be the big bad wolf of the bond market, despite what some say. FORTUNE -- The last of the economy's Band-Aids are coming off. The question is how much it will hurt. So far, the answer from the bond market has been quite a lot. Ever since Federal Reserve chairman Ben Bernanke indicated about a month ago that the Fed might slow its bond buying stimulus program, ... http://www.phoenixherald.com/index.php/sid/215302926/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 14:30:26 -0400 http://www.phoenixherald.com/index.php/sid/215302926/scat/c24c840dfc7b60a7 NEW YORK, June 19 | Wed Jun 19, 2013 2:08pm EDT NEW YORK, June 19 (Reuters) - U.S. stocks hit session lows on Wednesday shortly after the Federal Reserve said it would keep buying $85 billion in bonds per month and gave no explicit indication that it was close to scaling back the stimulus program. The Dow Jones industrial average fell 51.38 points or 0.34 percent, to 15,266.85, the S&P ... http://www.phoenixherald.com/index.php/sid/215302934/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 14:08:59 -0400 http://www.phoenixherald.com/index.php/sid/215302934/scat/c24c840dfc7b60a7 FedEx's stock soared even after the carrier offered a tepid outlook for 2014. FedEx might offer the clearest look at the disconnect between the soaring stock market and the listless global economy. The world's largest freight carrier posted a 45% drop in its fourth quarter profits and offered its investors a cautious outlook for 2014, noting that customers are looking for lower-cost ... http://www.phoenixherald.com/index.php/sid/215302609/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 13:22:28 -0400 http://www.phoenixherald.com/index.php/sid/215302609/scat/c24c840dfc7b60a7 "I believe this Fed will continue to press its accommodative policy up until the point it is certain that it is not needed," said Jim Keenan, manager ... http://www.phoenixherald.com/index.php/sid/215302632/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 13:22:24 -0400 http://www.phoenixherald.com/index.php/sid/215302632/scat/c24c840dfc7b60a7 Google wants to partner with private equity on complicated deals. But there may be a better way. FORTUNE -- Google Inc. may soon partner with private equity firms to acquire other companies, according to ... http://www.phoenixherald.com/index.php/sid/215302592/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 13:22:22 -0400 http://www.phoenixherald.com/index.php/sid/215302592/scat/c24c840dfc7b60a7 Wed Jun 19, 2013 12:59pm EDT * Fed expected to maintain pace of bond purchases * Adobe, FedEx shares rise after results * Dow, S&P off 0.1 pct, Nasdaq off 0.2 pct By Alison Griswold NEW YORK, June 19 (Reuters) - U.S. stocks dipped on Wednesday as investors awaited a Federal Reserve statement that could provide clues about the central bank's future stimulus efforts, a key to the market's ... http://www.phoenixherald.com/index.php/sid/215301445/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 12:59:04 -0400 http://www.phoenixherald.com/index.php/sid/215301445/scat/c24c840dfc7b60a7 Wed Jun 19, 2013 12:06pm EDT * Company expects new bourse to start operating next year * DirectEdge unveiled similar projects a year ago * Shares of sole Brazil exchange BM&FBovespa sink 3.5 pct SAO PAULO, June 19 (Reuters) - NYSE Euronext and Americas Trading Group are seeking Brazilian regulatory approval to open a new stock exchange, and the venture's officers said on Wednesday they ... http://www.phoenixherald.com/index.php/sid/215301988/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 12:06:01 -0400 http://www.phoenixherald.com/index.php/sid/215301988/scat/c24c840dfc7b60a7 New York - US stocks are edging lower in early trading on Wall Street as investors hold back ahead of a policy announcement from the Federal ... http://www.phoenixherald.com/index.php/sid/215298634/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 11:09:47 -0400 http://www.phoenixherald.com/index.php/sid/215298634/scat/c24c840dfc7b60a7 By Shawn Tully, editor at large FORTUNE--On CNBC's "Squawk Box" on June 6, former Fed chairman Alan Greenspan made two points in uncharacteristically clear, blunt language that got Wall Street buzzing. Appearing over a chyron billing him as "The Maestro of the Markets," Greenspan came close to declaring that bonds are in a bubble. "Bond prices have to fall and ... http://www.phoenixherald.com/index.php/sid/215298010/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 10:58:30 -0400 http://www.phoenixherald.com/index.php/sid/215298010/scat/c24c840dfc7b60a7 Click here for more on stocks, bonds, currencies and commodities Any comments from Bernanke suggesting that the program's end is near would likely lead to significant declines. "Bernanke has to address asset purchases and every nuance in his replies will be seized upon by markets," said Deutsche Bank economist Jim Reid in a research note. The Fed will release a statement at the ... http://www.phoenixherald.com/index.php/sid/215298635/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 10:58:23 -0400 http://www.phoenixherald.com/index.php/sid/215298635/scat/c24c840dfc7b60a7 Federal Reserve .The U.S. central bank will release its latest policy update at 2 p.m. Eastern Daylight Time. Fed chairman Ben Bernanke will speak at a press conference thirty minutes later.The Fed has been buying $85 billion of bonds a month to support an economy that is still struggling to recover following the Great Recession. Comments by Bernanke last month suggesting the central bank ... http://www.phoenixherald.com/index.php/sid/215298636/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 10:56:00 -0400 http://www.phoenixherald.com/index.php/sid/215298636/scat/c24c840dfc7b60a7 NEW YORK (MarketWatch) -- U.S. stocks traded little changed on Wednesday after a two-day rally, with investors on uncertain footing ahead of the Federal Reserve's policy decision later in the ... http://www.phoenixherald.com/index.php/sid/215297456/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 10:50:05 -0400 http://www.phoenixherald.com/index.php/sid/215297456/scat/c24c840dfc7b60a7 NEW YORK (MarketWatch) -- U.S. stocks began near unchanged on Wednesday, with investors hesitant to make big moves before the monetary-policy decision from the Federal Reserve later in the session. Wall Street rose sharply the past two days on thinking the Fed would not signal any immediate plan for scaling back on its $85 billion in monthly bond purchases. "All this talk about tapering is a ... http://www.phoenixherald.com/index.php/sid/215298615/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 10:49:59 -0400 http://www.phoenixherald.com/index.php/sid/215298615/scat/c24c840dfc7b60a7 US stocks have opened mostly lower as investors await the latest policy announcement from the US Federal Reserve later on Wednesday. Five minutes into trade, the Dow Jones Industrial Average dipped 20.53 (0.13 per cent) to 15,297.70. The broad-based S&P 500 slipped 2.06 (0.12 per cent) to 1,649.75, while the tech-rich Nasdaq Composite Index was up a scant 0.32 (0.01 per cent) at ... http://www.phoenixherald.com/index.php/sid/215297455/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 10:19:21 -0400 http://www.phoenixherald.com/index.php/sid/215297455/scat/c24c840dfc7b60a7 NEW YORK, June 19, 2013 /PRNewswire/ --S&P Dow Jones Indices announced today that preliminary results show that S&P 500 stock buybacks, or share repurchases, increased 0.8%to $100.0 billion during the first quarter of 2013, up from the $99.1 billion spent on share repurchases during the fourth quarter of 2012. Compared to the first quarter of 2012, buybacks are up 18.6%. For the 12 month ... http://www.phoenixherald.com/index.php/sid/215297117/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 09:45:40 -0400 http://www.phoenixherald.com/index.php/sid/215297117/scat/c24c840dfc7b60a7 Federal Reserve chairman Ben Bernanke takes center stage Wednesday. At a highly anticipated afternoon press conference, he's expected to discuss when the central ... http://www.phoenixherald.com/index.php/sid/215294058/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 08:37:35 -0400 http://www.phoenixherald.com/index.php/sid/215294058/scat/c24c840dfc7b60a7 ) is expected to open flat. It's been four weeks since May 22, when Federal Reserve Chairman Ben Bernanke said that stimulus measures might be tapered if employment data showed sustained improvement, but despite the volatility we've seen during that period, the Dow closed last night 11 points higher than its May 22 close. Most European markets edged lower this morning ahead of the ... http://www.phoenixherald.com/index.php/sid/215295232/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 08:35:27 -0400 http://www.phoenixherald.com/index.php/sid/215295232/scat/c24c840dfc7b60a7 The noted contrarian investor and long-time manager of the Oakmark International Fund explains why he's still bullish even as the country's stock rally stalls ... http://www.phoenixherald.com/index.php/sid/215292986/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 07:32:29 -0400 http://www.phoenixherald.com/index.php/sid/215292986/scat/c24c840dfc7b60a7 During the week ended June 12, investors pulled a record $14.45 billion out of bond funds and $8.5 billion out of equity funds, according to EPFR, a global fund flows and allocations data ... http://www.phoenixherald.com/index.php/sid/215292635/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 07:32:25 -0400 http://www.phoenixherald.com/index.php/sid/215292635/scat/c24c840dfc7b60a7 Federal Reserve chairman Ben Bernanke takes center stage Wednesday at a highly anticipated press conference at which he is expected to discuss when the central bank could begin tapering the pace of ... http://www.phoenixherald.com/index.php/sid/215290730/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 05:21:17 -0400 http://www.phoenixherald.com/index.php/sid/215290730/scat/c24c840dfc7b60a7 U.S. stocks opened higher Tuesday after U.S. housing starts and consumer inflation rose below estimates last month as investors await the end of the Federal Open Market Committee meeting ... http://www.phoenixherald.com/index.php/sid/215286353/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 00:13:37 -0400 http://www.phoenixherald.com/index.php/sid/215286353/scat/c24c840dfc7b60a7 Everyone knows someone who is habitually late. It’s a maddening trait to the unafflicted who see the problem as remarkably easy to fix: Start earlier. That’s how the Royals’ two new hitting coaches, George Brett and Pedro Grifol, diagnosed Eric Hosmer’s ... http://www.phoenixherald.com/index.php/sid/215286362/scat/c24c840dfc7b60a7 Wed, 19 Jun 2013 00:12:02 -0400 http://www.phoenixherald.com/index.php/sid/215286362/scat/c24c840dfc7b60a7 The Dow Jones Industrial Average (DJI) enjoyed its sixth straight triple-digit move, adding more than 100 points for the second session in a row. More specifically, the blue-chip barometer tacked on 138 points, as Wall Street waxed optimistic ahead of tomorrow's central-bank policy statement. "It's all about the Fed," stated Schaeffer's Senior Equity Analyst Joe Bell, ... http://www.phoenixherald.com/index.php/sid/215285302/scat/c24c840dfc7b60a7 Tue, 18 Jun 2013 21:45:15 -0400 http://www.phoenixherald.com/index.php/sid/215285302/scat/c24c840dfc7b60a7 U.S. markets churned higher Tuesday after the Commerce Department said price inflation remained muted in May. The report by itself had negligible effect. But every report of late has been held up to the light to see how it might affect the U.S. Federal Reserve's monetary policy announcement expected Wednesday. Low inflation means the economy is not overheating. In turn, some investors have ... http://www.phoenixherald.com/index.php/sid/215284325/scat/c24c840dfc7b60a7 Tue, 18 Jun 2013 20:23:16 -0400 http://www.phoenixherald.com/index.php/sid/215284325/scat/c24c840dfc7b60a7 FBI Deputy Director Sean Joyce details how the NSA's phone surveillance program foiled a terror plot to bomb the New York Stock Exchange. Joyce made the remarks while testifying Tuesday at a House ... http://www.phoenixherald.com/index.php/sid/215281492/scat/c24c840dfc7b60a7 Tue, 18 Jun 2013 18:33:48 -0400 http://www.phoenixherald.com/index.php/sid/215281492/scat/c24c840dfc7b60a7 we discussed how Carl Icahn had nearly doubled his stake in Dell Inc., by purchasing around 72 million shares from Southeastern Asset Management. And now we know the price: $13.52 per share. Or, put another way, 13 cents per share less than what SAM could have gotten by selling those same shares to Michael Dell and Silver Lake Partners, who are trying to take Dell ... http://www.phoenixherald.com/index.php/sid/215280872/scat/c24c840dfc7b60a7 Tue, 18 Jun 2013 17:27:39 -0400 http://www.phoenixherald.com/index.php/sid/215280872/scat/c24c840dfc7b60a7 (Reuters) WASHINGTON - U.S. intelligence officials on Tuesday identified two of the more than 50 classified cases in which they say National Security Agency eavesdropping helped thwart terrorist plots including a planned attack on the New York Stock ... http://www.phoenixherald.com/index.php/sid/215279929/scat/c24c840dfc7b60a7 Tue, 18 Jun 2013 17:17:40 -0400 http://www.phoenixherald.com/index.php/sid/215279929/scat/c24c840dfc7b60a7 The deputy director of the FBI claimed Tuesday that a controversial electronic surveillance program revealed in media reports earlier this month helped thwart a plot to blow up the New York Stock ... http://www.phoenixherald.com/index.php/sid/215279686/scat/c24c840dfc7b60a7 Tue, 18 Jun 2013 16:21:53 -0400 http://www.phoenixherald.com/index.php/sid/215279686/scat/c24c840dfc7b60a7 U.S. stocks rose for a third day Tuesday after reports on inflation and new home construction eased fears the Federal Reserve is about to slow the pace of its stimulus ... http://www.phoenixherald.com/index.php/sid/215279685/scat/c24c840dfc7b60a7 Tue, 18 Jun 2013 16:21:49 -0400 http://www.phoenixherald.com/index.php/sid/215279685/scat/c24c840dfc7b60a7 NEW YORK (MarketWatch) - U.S. stocks on Tuesday extended strong gains into a second day as Wall Street embraced what's expected to be soothing words from Federal Reserve Chairman Ben Bernanke. "When they [the Federal Open Market Committee] see sustained improvement in employment conditions, that's when they will do something about reducing their asset purchases," Hugh Johnson, ... http://www.phoenixherald.com/index.php/sid/215279687/scat/c24c840dfc7b60a7 Tue, 18 Jun 2013 16:13:16 -0400 http://www.phoenixherald.com/index.php/sid/215279687/scat/c24c840dfc7b60a7 SNE ), but not good enough... yet. That's the latest message from Dan Loeb, the firebrand hedge fund manager known for vociferously agitating for changes at some of the world's largest tech firms. In a sign of "increased confidence," Loeb's Third Point hedge fund increased its stake in Sony to 70 million shares, or roughly 7%, from 6% in ... http://www.phoenixherald.com/index.php/sid/215277956/scat/c24c840dfc7b60a7 Tue, 18 Jun 2013 15:14:49 -0400 http://www.phoenixherald.com/index.php/sid/215277956/scat/c24c840dfc7b60a7 DELL ), as part of his continuing effort to scuttle a$13.65 per share buyout bid from Michael Dell and Silver Lake Partners. He also seems to have changed his strategy. The activist investor today announced that he has purchased around72 million shares from Southeastern Asset Management, the mutual fund manager with whom Icahn has been working to construct a rival offer for Dell.That increases ... http://www.phoenixherald.com/index.php/sid/215278417/scat/c24c840dfc7b60a7 Tue, 18 Jun 2013 15:14:47 -0400 http://www.phoenixherald.com/index.php/sid/215278417/scat/c24c840dfc7b60a7 NEW YORK, June 18 | Tue Jun 18, 2013 2:57pm EDT NEW YORK, June 18 (Reuters) - U.S. stocks added to gains in afternoon trading on Tuesday, pushing the Nasdaq up more than 1 percent, as investors were optimistic about the outlook for the Federal Reserve's economic stimulus policies. The Dow Jones industrial average was up 153.55 points, or 1.01 percent, at 15,333.40. The Standard and ... http://www.phoenixherald.com/index.php/sid/215278684/scat/c24c840dfc7b60a7 Tue, 18 Jun 2013 14:57:22 -0400 http://www.phoenixherald.com/index.php/sid/215278684/scat/c24c840dfc7b60a7