06.16.2012]blodic.us

Reuters Finance|blodic.us

Bernanke, in commencement address, upbeat on innovation outlook

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards, delivering a sweeping look at the last 100 years that included memories of his 1963 South Carolina home.

Alpine in talks with FCC on financing: CEO

VIENNA (Reuters) - Alpine, the Austrian unit of Spanish construction group FCC , will hold talks with its owners on how to meet its financing needs and has many options open, Chief Executive Arnold Schiefer said.

Wall Street Week Ahead: Correction talk gets old as rally sails along

NEW YORK (Reuters) - With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old.

China April housing inflation quickens to two year high

BEIJING (Reuters) - China's housing inflation accelerated to its fastest pace in April in two years, driven by a jump in prices in Beijing and Shanghai, complicating the task of policymakers trying to cool the property sector while supporting economic expansion.

China April home prices rise 4.9 percent: Reuters calculation

BEIJING (Reuters) - Average new home prices in China's 70 major cities rose 4,9 percent in April from a year earlier, according to Reuters calculations based on official data published on Saturday, marking the fourth straight month of year-on-year increase.

Judge revives Dexia's mortgage lawsuit vs. JPMorgan

(Reuters) - A federal judge has revived a closely watched lawsuit accusing JPMorgan Chase & Co of misleading Belgian-French bank Dexia SA into buying more than $1,6 billion of troubled mortgage debt.

Target goes hunting in Silicon Valley, following Wal-Mart

SAN FRANCISCO (Reuters) - Target Corp said on Friday it opened a new San Francisco office to track down technology companies that can help the second-largest U.S. retailer grow its online commerce business.

Yahoo to vote on $1.1 billion Tumblr buy: AllThingsD

SAN FRANCISCO (Reuters) - Yahoo Inc's board will meet on Sunday to vote on whether to offer $1,1 billion in cash for New York-based blogging service Tumblr, tech blog AllThingsD cited sources close to the situation as saying on Friday.

NYSE cancels irregular trades in Anadarko stock: Bloomberg

(Reuters) - The New York Stock Exchange canceled trades in Anadarko Petroleum Corp after a blip in trading cut the market value of the company by 99 percent, according to a report in Bloomberg.

SAC Capital won't cooperate unconditionally with government: letter

NEW YORK (Reuters) - Steven A. Cohen's hedge fund SAC Capital Advisors told investors on Friday it would no longer cooperate unconditionally with the U.S. government's insider trading investigation.