Wal-Mart’s Everyday Low Prices Fail to Stir Brazilians

Posted by Forexsq 12 hours ago (http://www.bloomberg.com)
img A relentless focus on everyday low prices helped Wal-Mart Stores Inc. (WMT) become the world’s largest retailer. The strategy hasn’t been working in Brazil.

Wal-Mart is still losing money there two decades after entering South America’s biggest market, acquiring two local chains in the mid-2000s and opening more than 500 stores. The company is battling competition from Carrefour SA (CA) and Ca

Tesla to build cars in China

Posted by Forexsq 1 day 11 hours ago (http://money.cnn.com)
img Elon Musk says that Tesla is planning to build a manufacturing facility in China as the electric car maker expands its footprint in the country.

Musk was in Beijing to mark the first deliveries of Tesla's Model S to customers in China, where the sports car sells for around $115,000.

Electric vehicle sales in the world's second biggest economy have been tepid so far, but many automakers see

South Korea's Park says conduct of ferry crew tantamount to murder

Posted by Forexsq 2 days ago (http://www.reuters.com)
img South Korean President Park Geun-hye said on Monday the actions of some crew of a ferry that sank with hundreds feared dead were tantamount to murder, as a four-year-old video transcript showed the captain promoting the safety of the same route.

Sixty-four people are known to have died and 238 are missing, presumed dead, in the sinking of the Sewol ferry last Wednesday. Most of the victims are

Ukraine Separatists Ignore Geneva Deal on Easing Tensions

Posted by Forexsq 5 days ago (http://www.bloomberg.com)
img Pro-Russian protesters in eastern Ukraine refused to give up buildings and disarm as demanded in a four-nation deal agreed in Geneva yesterday, while the U.S. and its European allies pushed Russia to help calm the crisis.

A leader of the separatist self-proclaimed Donetsk People’s Republic, Denis Pushilin, dismissed the accord’s call to disarm, leave seized property and free occupied public pl

Why Rich People Feel Poor

Posted by Forexsq 6 days ago (http://www.bloomberg.com)
img Spare a thought for the millionaires this week. The bill from last year's tax increases has come due.

The rich aren't poor, of course, whatever their tax burden. An adjusted gross income of $389,000 puts you in the top 1 percent of earners in 2011, according to the latest IRS data. No telethons have been organized. No TV ads have been narrated by Sarah McLachlan. Even the House Republicans hav

Industrial Production in U.S. Rises More Than Forecast

Posted by Forexsq 7 days ago (http://www.bloomberg.com)
img Industrial production rose more than forecast in March after a February gain that was twice as big as previously estimated, indicating U.S. factories recovered after a weather-depressed start to the year.

Output at factories, mines and utilities climbed 0.7 percent after a revised 1.2 percent increase the prior month, figures from the Federal Reserve showed today in Washington. The median fore

EU Weighs Tougher Russian Sanctions Amid Ukraine Unrest

Posted by Forexsq 9 days ago (http://www.bloomberg.com)
img European officials weighed expanding sanctions against Russia over Ukraine, where they say the government in Moscow is stoking deadly separatist unrest with the same methods it used to destabilize and annex Crimea.

European Union foreign ministers, gathering for a meeting today in Luxembourg, said the bloc should be prepared to impose a third round of sanctions, including economic measures, as

A bigger 10%-15% correction is coming this autumn: Bank of America Merrill Lynch

Posted by Forexsq 12 days ago (http://blogs.marketwatch.com)
img Bank of America Merrill Lynch strategist Michael Hartnett says relax, this isn't the big correction. That's coming in September. He tells how to prepare for it.

Stock futures drop as earnings season looms

Posted by Forexsq 16 days ago (http://www.marketwatch.com)
img Extending sharp losses from last week, U.S. stocks were poised for a weak open on Wall Street on Monday, as investors geared up for the first-quarter earnings season, which some analysts fear may disappoint. Tech shares dropped, continuing their ride into bear territory.

Ships Colliding in Houston Expose Risks in Oil Channel

Posted by Forexsq 19 days ago (http://www.bloomberg.com)
img By the time the ships’ pilots realized they were on a crash course, it was too late.

The fog was just beginning to lift on the Houston Ship Channel midday March 22 as a bulk carrier and a fuel barge found themselves three-quarters of a mile apart. For five minutes, they exchanged radio messages as they tried slowing down, speeding up and reversing while nearing a collision that closed one of t

Dealers say GM customer anxiety rising, sales may take hit

Posted by Forexsq 20 days ago (http://www.reuters.com)
img An ignition switch defect linked to deadly crashes and mounting recalls are raising anxiety in General Motors Co showrooms, according to dealers who increasingly are fielding calls from customers concerned about the safety of GM cars.

The Ancira Auto Group in San Antonio, Texas, expected a banner March after a strong February, but it came up 28 vehicles short of its goal of selling 200 cars an

Stock futures pare gains after ADP

Posted by Forexsq 21 days ago (http://www.marketwatch.com)
img U.S. stock futures pared gains on Wednesday following a report showing a smaller gain in private-sector employment last month than forecast.

Republican budget proposes deep cuts to social programs

Posted by Forexsq 22 days ago (http://www.reuters.com)
img Representative Paul Ryan, the leading Republican voice on budget policy, rolled out a new fiscal blueprint on Tuesday that calls for deep cuts in domestic programs, increased defense spending and a goal of erasing annual deficits in 10 years.

Ryan's budget, called the "Path to Prosperity," has virtually no chance of becoming law but is expected to serve as a campaign manifesto for Republicans

Russian prime minister flaunts grip on Crimea with visit

Posted by Forexsq 23 days ago (http://www.reuters.com)
img Prime Minister Dmitry Medvedev flaunted Russia's grip on Crimea on Monday by flying to the region and announcing plans to turn it into a special economic zone, defying Western demands to hand the region back to Ukraine.

The visit, hours after Russia held talks on Ukraine with the United States, is likely to anger Kiev and the West, which accuse president Vladimir Putin of illegally seizing the

Spacey Urges 'House of Cards' Tax Break With Real Lawmakersoomberg

Posted by Forexsq 26 days ago (http://www.bloomberg.com)
img Actor Kevin Spacey glided past the crab balls and filet-mignon skewers at the Red Red Wine Bar in Annapolis, Maryland, as he charmed a roomful of the state’s political elite.

Among the roughly 150 attendees at the March 21 event were Maryland state lawmakers -- real ones, unlike those who appear in Netflix Inc.’s political thriller “House of Cards,” in which Spacey stars as a manipulative powe

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