Category: Business » Economy
SEC Charges Dallas-Based Trader With Front Running
11:27 am Eastern | U.S. News
FOR IMMEDIATE RELEASE2013-93 Washington, D.C., May 24, 2013 — The Securities and Exchange Commission today announced fraud charges and an asset freeze against a trader at a Dallas-based investment advisory firm who improperly profited by placing his own trades before executing large block trades for firm clients that had strong potential to increase the stock's price. Additional Materials SEC Complaint The SEC alleges that Daniel Bergin, a senior equity trader at Cushing MLP Asset Management, secretly executed hundreds of trades through his wife's accounts in a practice known as front running. Bergin illicitly profited by at least $520,000 by routinely purchasing securities in his wife's accounts earlier the same day he placed much larger orders for the same securities on behalf of firm clients. read more »
Advance Report on Durable Goods Manufacturers' Shipments, Inventories, and Orders
8:33 am Eastern | Business
New orders for manufactured durable goods in April increased $7.2 billion or 3.3** percent to $222.6 billion.April 2013: 3.3** % changeMarch 2013: -5.9** % changeread more »
From Gallup.Com: Fewer Americans Identify as Economic Conservatives in 2013
4:13 am Eastern | Business
After four years marked by heightened economic conservatism and an uptick in social conservatism, more Americans now say they are economically moderate. New highs of 30% of Americans and half of Democrats say they are socially liberal.read more »
From Gallup.Com: South Asians Heavily Reliant on Informal Money Transfers
2:13 am Eastern | Business
Nearly 800 million South Asians and Indonesians sent or received a payment or remittance in 2012. But, the majority did so informally, with 512 million people bringing or receiving cash in person or sending it in some other informal way.read more »
Your IMF Update: Transcript
23 May 20:40 | Business
New item about your countries of interest:Transcript of a Press Briefing by Gerry Rice, Director, Communications Department, International Monetary Fund http://www.read more »
Your IMF Update: IMF Policy Paper
23 May 16:20 | Business
New item in your series of interest:IMF Policy Paper: Sovereign Debt Restructuring - Recent Developments and Implications for the Fund's Legal and Policy Framework read more »
Your IMF Update: Public Information Notice
23 May 16:10 | Business
New item in your series of interest:Public Information Notice: IMF Executive Board Discusses Sovereign Debt Restructuring—Recent Developments and Implications for the Fund’s Legal and Policy Framework http://www.read more »
13 Million U.S. Homeowners Owe More Than Their Home Is Worth
23 May 15:32 | Business
The national negative equity rate fell in the first quarter, to 25.4 percent of all homeowners with a mortgage, according to the first quarter Zillow Negative Equity Report.read more »
Exemption for small debit card issuers from interchange fee standards working as intended
23 May 14:34 | Business
Exemption for small debit card issuers from interchange fee standards working as intendedread more »
SEC Charges Institutional Shareholder Services in Breach of Clients' Confidential Proxy Voting Information
23 May 11:51 | Business
FOR IMMEDIATE RELEASE2013-92 Washington, D.C., May 23, 2013 — The Securities and Exchange Commission today charged a Rockville, Md.-based proxy adviser for failing to safeguard the confidential proxy voting information of clients participating in a number of significant proxy contests. Additional Materials SEC Order An SEC investigation found that an employee at Institutional Shareholder Services (ISS) provided a proxy solicitor with material, nonpublic information revealing how more than 100 ISS institutional shareholder advisory clients were voting their proxy ballots. In exchange for voting information, the proxy solicitor provided the ISS employee with meals, expensive tickets to concerts and sporting events, and an read more »
New Residential Sales
23 May 10:00 | Business
Sales of new single-family houses in April 2013 were at a seasonally adjusted annual rate of 454,000. This is 2.3 percent (+/- 12.8%)* above the revised March 2013 estimate of 444,000.April 2013: +2.3* % changeMarch 2013: +3.5** % changeread more »
From Gallup.Com: Older U.S. Federal Employees Use Their Strengths Less
23 May 04:13 | Business
U.S. federal government employees aged 65 and older are less likely than those aged 18 to 29 to say they get to use their strengths to do what they do best at work. The opposite is the case with U.S. workers in the non-federal sector.read more »
Minutes of the Federal Open Market Committee
22 May 19:05 | Business
Minutes of the Federal Open Market Committeeread more »
Your IMF Update: Press Release - The Gambia
22 May 17:35 | Business
New item in your series of interest:Press Release: IMF Executive Board Completes First Review Under the Extended Credit Facility Arrangement for The Gambia and Approves US$2.read more »
Your IMF Update: Mission Concluding Statement - Republic of Serbia
22 May 14:25 | Business
New item in your series of interest:Serbia- 2013 Article IV Consultation Concluding Statement of the Mission http://www.read more »
SEC Charges City of South Miami with Defrauding Investors About Tax-Exempt Status of Municipal Bonds
22 May 14:05 | U.S. News
FOR IMMEDIATE RELEASE2013-91 Washington, D.C., May 22, 2013 — The Securities and Exchange Commission today charged the City of South Miami, Fla., with defrauding bond investors about the tax-exempt financing eligibility of a mixed-use retail and parking structure being built in its downtown commercial district. Additional Materials SEC Order An SEC investigation found that the city of 11,000 residents located in Miami-Dade County borrowed approximately $12 million in two pooled, conduit bond offerings through the Florida Municipal Loan Council (FMLC). South Miami's participation in those offerings enabled it to borrow funds at advantageous tax-exempt rates. The city represented that the project was eligible for tax-exemptread more »
Your IMF Update: Press Release - Sierra Leone
22 May 11:50 | Business
New item in your series of interest:Press Release: Statement at the Conclusion of an IMF Mission to Sierra Leone http://www.read more »
Business Employment Dynamics Latest Numbers
22 May 10:12 | Business
Gross Job Gains: Total Private 6,813,000 in 3rd Qtr of 2012 Historical Data Goods-Producing 1,326,000 in 3rd Qtr of 2012 Historical Data Service-providing 5,487,000 in 3rd Qtr of 2012 read more »
Import/Export Price Indexes Latest Numbers
22 May 10:11 | Business
Imports All Commodities: -0.5% in Apr 2013 Historical Data Fuels & Lubricants: -1.7% in Apr 2013 Historical Data All Imports Excluding Fuels: -0.2% in Apr 2013 read more »
Major Economic Indicators Latest Numbers
22 May 10:11 | Business
Consumer Price Index (CPI): -0.4% in Apr 2013 News Release Historical Data Unemployment Rate: 7.5% in Apr 2013 News Release Historical Data Payroll Employment: +1read more »
Consumer Price Index Latest Numbers
22 May 10:11 | Business
CPI-U, US City Average, All Items: NSA -0.1% in Apr 2013 Historical Data SA -0.4% in Apr 2013 Historical Data NSA +1.1% since Apr 2012 Historical Dataread more »
Current Employment Statistics Latest Numbers
22 May 10:11 | Business
Change in Total Nonfarm Payroll Employment: +165,000(p) in Apr 2013 Historical Data Change in Total Private Average Hourly Earnings for All Employees: +$0.04(p) in Apr 2013 Historical Data Change in Total Private Average Weekly Hours for All Employees: read more »
Mass Layoff Statistics Latest Numbers
22 May 10:11 | Business
Seasonally Adjusted: Total Mass Layoff Events 1,199 in Apr 2013 Historical Data Change in Total Mass Layoff Events -138 in Apr 2013 Historical Data Total Mass Layoff Initial Claimants 116,849 inread more »
From Gallup.Com: Americans' Outlook for U.S. Moral Values Still Pessimistic
22 May 04:12 | Business
Seventy-two percent of Americans say moral values in the U.S. are getting worse, while 44% rate the state of moral values as "poor" -- similar to last year. Republicans hold more negative views of morals than Democrats do.read more »
Your IMF Update: Press Release - Myanmar
22 May 02:40 | Business
New item in your series of interest:IMF Concludes Article IV Consultation with Myanmar and the First Review of Staff-Monitored Program http://www.read more »
Your IMF Update: IMF Policy Paper
21 May 17:15 | Business
New item in your series of interest:IMF Policy Paper: Proposed Amendment on the Reform of the IMF Executive Board and Fourteenth General Review of Quotas - Status of Acceptances and Consentsread more »
Federal Reserve announces results of offering of 28-day term deposits on May 20
21 May 17:04 | Business
Federal Reserve announces results of offering of 28-day term deposits on May 20read more »
Federal Reserve Board announces termination of enforcement action with The Tysan Corporation
21 May 17:04 | Business
Federal Reserve Board announces termination of enforcement action with The Tysan Corporationread more »
Your IMF Update: Press Release - Jamaica
21 May 13:50 | Business
New item in your series of interest:Press Release: IMF Concludes Staff Visit to Jamaica http://www.read more »
Your IMF Update: Public Information Notice - Republic of Azerbaijan
21 May 11:10 | Business
New item in your series of interest:Public Information Notice: IMF Executive Board Concludes 2013 Article IV Consultation with the Republic of Azerbaijan http://www.read more »
From Gallup.Com: U.S. Economic Confidence Reaches Five-Year Weekly High
21 May 08:42 | Business
The Gallup Economic Confidence Index was -5 last week -- the highest weekly average since Gallup began Daily tracking in 2008. For the first time since then, more Americans now say the economy is "getting better" than "getting worse."read more »
Your IMF Update: Press Release - Guinea
20 May 18:10 | Business
New item in your series of interest:Press Release: IMF Executive Board Completes Second Review Under the Extended Credit Facility for Guinea and Approves US$27.read more »
Your IMF Update: Press Release
20 May 09:51 | Business
New item in your series of interest:Press Release: IMF, Swiss (SECO), EBRD, and the National Bank of the Kyrgyz Republic Conference Focuses on the Twenty-Year Transition of the Caucasus and Central Asia Countries and the Road Ahead http://www.read more »
From Gallup.Com: Income, Age Key Factors in Retirement Funding Expectations
20 May 04:13 | Business
Wealthier not-yet-retired Americans mostly expect investments and pension plans to fund their retirement. The less wealthy plan to rely on Social Security and part-time work. Most young adults don't expect to rely on Social Security.read more »
From Gallup.Com: European Countries Lead World in Distrust of Banks
20 May 02:12 | Business
Greeks and residents in six other European Union countries were among the least likely in the world to express confidence in their banks last year, with trust levels all below 30%.read more »
Business Employment Dynamics Latest Numbers
19 May 15:52 | Business
Gross Job Gains: Total Private 6,813,000 in 3rd Qtr of 2012 Historical Data Goods-Producing 1,326,000 in 3rd Qtr of 2012 Historical Data Service-providing 5,487,000 in 3rd Qtr of 2012 read more »
Import/Export Price Indexes Latest Numbers
19 May 15:50 | Business
Imports All Commodities: -0.5% in Apr 2013 Historical Data Fuels & Lubricants: -1.7% in Apr 2013 Historical Data All Imports Excluding Fuels: -0.2% in Apr 2013 read more »
Major Economic Indicators Latest Numbers
19 May 15:48 | Business
Consumer Price Index (CPI): -0.4% in Apr 2013 News Release Historical Data Unemployment Rate: 7.5% in Apr 2013 News Release Historical Data Payroll Employment: +1read more »
Consumer Price Index Latest Numbers
19 May 15:48 | Business
CPI-U, US City Average, All Items: NSA -0.1% in Apr 2013 Historical Data SA -0.4% in Apr 2013 Historical Data NSA +1.1% since Apr 2012 Historical Dataread more »
Current Employment Statistics Latest Numbers
19 May 15:47 | Business
Change in Total Nonfarm Payroll Employment: +165,000(p) in Apr 2013 Historical Data Change in Total Private Average Hourly Earnings for All Employees: +$0.04(p) in Apr 2013 Historical Data Change in Total Private Average Weekly Hours for All Employees: read more »
From Gallup.Com: Gallup Week-in-Review
18 May 04:14 | Business
Read about Americans' views of the IRS and Benghazi controversies, how much money Americans need to get by, safety worldwide and more in this week's review.read more »
Your IMF Update: IMF Policy Paper
17 May 17:42 | Business
New item in your series of interest:IMF Policy Paper: Review of the Fund’s Income Position for FY 2013 and FY 2014read more »
Federal Reserve Board issues enforcement action with Bank of Montreal, BMO Financial Corp., and Bank of Montreal Chicago Branch
17 May 15:34 | Business
Federal Reserve Board issues enforcement action with Bank of Montreal, BMO Financial Corp., and Bank of Montreal Chicago Branchread more »
From Gallup.Com: Americans' Life Ratings Reach Eight-Month High
17 May 14:42 | Business
Americans' life ratings were better in April than in any month since August of last year. Americans' life ratings have steadily improved each month since November, when they sank to their lowest level in more than a year.read more »
Your IMF Update: Public Information Notice - Belgium
17 May 11:08 | Business
New item in your series of interest:Public Information Notice: IMF Executive Board Concludes 2013 Article IV Consultation with Belgium http://www.read more »
Business Employment Dynamics Latest Numbers
17 May 10:35 | Business
Gross Job Gains: Total Private 6,813,000 in 3rd Qtr of 2012 Historical Data Goods-Producing 1,326,000 in 3rd Qtr of 2012 Historical Data Service-providing 5,487,000 in 3rd Qtr of 2012 read more »
Import/Export Price Indexes Latest Numbers
17 May 10:34 | Business
Imports All Commodities: -0.5% in Apr 2013 Historical Data Fuels & Lubricants: -1.7% in Apr 2013 Historical Data All Imports Excluding Fuels: -0.2% in Apr 2013 read more »
Consumer Price Index Latest Numbers
17 May 10:34 | Business
CPI-U, US City Average, All Items: NSA -0.1% in Apr 2013 Historical Data SA -0.4% in Apr 2013 Historical Data NSA +1.1% since Apr 2012 Historical Dataread more »
Current Employment Statistics Latest Numbers
17 May 10:34 | Business
Change in Total Nonfarm Payroll Employment: +165,000(p) in Apr 2013 Historical Data Change in Total Private Average Hourly Earnings for All Employees: +$0.04(p) in Apr 2013 Historical Data Change in Total Private Average Weekly Hours for All Employees: read more »
Mass Layoff Statistics Latest Numbers
17 May 10:34 | Business
Seasonally Adjusted: Total Mass Layoff Events 1,337 in Mar 2013 Historical Data Change in Total Mass Layoff Events -85 in Mar 2013 Historical Data Total Mass Layoff Initial Claimants 127,939 in read more »
