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S&P 500 Rises to Highest Since September on Debt Talks

S&P 500 Rises to Highest Since September on Debt Talks | EconMatters | Scoop.it
U.S. stocks rose, sending the Standard & Poor’s 500 Index to the highest level since September, on speculation lawmakers were making progress toward an agreement on raising the debt limit to avoid a default.
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Malaysian Airline Needs State Rescue After 2 Tragedies with Record Cash Burn

Malaysian Airline Needs State Rescue After 2 Tragedies with Record Cash Burn | EconMatters | Scoop.it
Malaysia is expected to rescue its flagship carrier with a fourth capital infusion since bailing out the airline after two tragedies and record cash burn, analysts at two of the nation’s biggest lenders said.
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German Utilities Bail Out Electric Grid at Wind’s Mercy

German Utilities Bail Out Electric Grid at Wind’s Mercy | EconMatters | Scoop.it
Germany’s push toward renewable energy is causing so many drops and surges from wind and solar power that the government is paying more utilities than ever to help stabilize the country’s electricity grid.
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New US rail regs could cause tank car shortage, imperil production: industry - Oil | Platts News Article & Story

New US rail regs could cause tank car shortage, imperil production: industry - Read this Platts oil news article here. Plus discover more oil market news, products & services.
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Plane crashes in Taiwan, killing 47

Plane crashes in Taiwan, killing 47 | EconMatters | Scoop.it
A TransAsia Airways flight crashed while making an emergency landing in Taiwan's Penghu county.
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With Ukraine route off-limits, Malaysia Airlines plane flies over Syria instead

With Ukraine route off-limits, Malaysia Airlines plane flies over Syria instead | EconMatters | Scoop.it
MH4’s change in route on Sunday highlights the challenge that airlines face in finding conflict-free passageways on the congested routes between Asia and Europe
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Russian media on downed airliner: The CIA did it

Russian media on downed airliner: The CIA did it | EconMatters | Scoop.it
Russia's Channel One ran a package last week claiming that the crash of MH17 was orchestrated by the United States.
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Speculators Cutting Bullish Oil Bets Miss Ukraine Rally

Speculators Cutting Bullish Oil Bets Miss Ukraine Rally | EconMatters | Scoop.it
The downed jetliner in Ukraine and Israel’s Gaza offensive blindsided speculators who had cut bullish crude bets on the assumption that risks to supply were diminishing.
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Chinese Oil Rig Moved Away From Disputed Waters Off Vietnam

Chinese Oil Rig Moved Away From Disputed Waters Off Vietnam | EconMatters | Scoop.it
A Chinese oil company has completed drilling in disputed waters off the coast of Vietnam and moved a rig that sparked skirmishes between boats of the two countries and deadly anti-Chinese riots in Vietnam.
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BRICS establish $100bn bank and currency pool to cut out Western dominance

BRICS establish $100bn bank and currency pool to cut out Western dominance | EconMatters | Scoop.it
The group of emerging economies signed the long-anticipated document to create the $100 bn BRICS Development Bank and a reserve currency pool worth over another $100 bn. Both will counter the influence of Western-based lending institutions and the dollar.
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Hungry U.S. Power Plant Turns to Russia for Coal Shipment

Hungry U.S. Power Plant Turns to Russia for Coal Shipment | EconMatters | Scoop.it
When New Hampshire’s largest utility needed to rebuild coal supplies after the past frigid winter, it turned to Russia rather than Appalachia in the U.S. Northeast or Wyoming’s Powder River Basin.
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Time Warner Said to Reject Sale Plan While Other Bidders Tied Up

Time Warner Said to Reject Sale Plan While Other Bidders Tied Up | EconMatters | Scoop.it
Time Warner Inc. isn’t interested in exploring a sale while potential suitors including Comcast Corp. and AT&T Inc. are busy with other deals and unable to bid for the media company, according to a person with knowledge of the matter.
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Yellen's 'dovish stare' may crack at testimony

Yellen's 'dovish stare' may crack at testimony | EconMatters | Scoop.it
Yellen, facing questions on the economy and rate hike, will be pressured to acknowledge an uptick in inflation and improvement in the labor market.
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Fed’s Bullard Says Unemployment Drop to Push Inflation

Fed’s Bullard Says Unemployment Drop to Push Inflation | EconMatters | Scoop.it
Federal Reserve Bank of St. Louis President James Bullard said a rapid drop in joblessness will fuel inflation, bolstering his case for an interest-rate increase early next year.
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Air Crashes Set Year on Course to Be Deadliest Since 2005

Air Crashes Set Year on Course to Be Deadliest Since 2005 | EconMatters | Scoop.it
Three fatal airline crashes in a week mean 2014 is shaping up to become the worst year in almost a decade for passenger fatalities.
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Gaza's Next Disaster: No Cement for Rebuilding

Gaza's Next Disaster: No Cement for Rebuilding | EconMatters | Scoop.it
Hamas has demonstrated that it uses building materials for attack tunnels and underground lairs, not schools, homes, and hospitals
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Shell holds crisis talks with Niger Delta community over threat to operations - Oil | Platts News Article & Story

Shell holds crisis talks with Niger Delta community over threat to operations - Read this Platts oil news article here. Plus discover more oil market news, products & services.
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Two Ukraine Fighter Jets Downed by Rebels Near MH17 Site

Two Ukraine Fighter Jets Downed by Rebels Near MH17 Site | EconMatters | Scoop.it
Separatists shot down two Ukrainian fighter jets in the same eastern region where Malaysian Air Flight MH17 was destroyed, the government said.
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FedEx could face +$1.6B fine if convicted of drug trafficking - Memphis Business Journal

FedEx could face +$1.6B fine if convicted of drug trafficking - Memphis Business Journal | EconMatters | Scoop.it
FedEx plans to fight federal charges that it has knowingly transported drugs from rogue online pharmacies. But a loss could carry stiff penalties for the Memphis shipper.
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Herbalife Tumbles After Ackman Vows to Reveal Enron-Like Fraud

Herbalife Tumbles After Ackman Vows to Reveal Enron-Like Fraud | EconMatters | Scoop.it
Herbalife Ltd. shares fell the most in three months after billionaire Bill Ackman vowed to show Enron Corp.-like fraud at the seller of supplements and weight- loss shakes.
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US shale drillers becoming immune to oil and gas prices: Raymond James - Natural Gas | Platts News Article & Story

US shale drillers becoming immune to oil and gas prices: Raymond James - Natural Gas | Platts News Article & Story | EconMatters | Scoop.it
US shale drillers becoming immune to oil and gas prices: Raymond James - Read this Platts natural gas news article here. Plus discover more natural gas market news, products & services.
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Ukraine Says Malaysian Airliner Shot Down Near Russian Border

Ukraine Says Malaysian Airliner Shot Down Near Russian Border | EconMatters | Scoop.it
Pro-Russian rebels shot down a Malaysian jet carrying 295 people over eastern Ukraine near its border with Russia, an Interior Ministry official said.
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Microsoft announces biggest layoff in history, cutting 18,000 jobs

Microsoft announces biggest layoff in history, cutting 18,000 jobs | EconMatters | Scoop.it
Microsoft will cut a record 18,000 jobs next year, as the company’s new CEO Satya Nadella seeks to boost efficiency, according to a company memo on Thursday.
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Refiners in U.S. Run Record Crude as Plants Cash in on Cheap Oil

Refiners in U.S. Run Record Crude as Plants Cash in on Cheap Oil | EconMatters | Scoop.it
U.S. refineries processed a record volume of oil last week as plants in the Midwest raised operating rates to take advantage of widening discounts for domestic crudes.
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Goldman Forecasts Lower Commodity Prices as Cycle Ends

Goldman Forecasts Lower Commodity Prices as Cycle Ends | EconMatters | Scoop.it
Commodities from iron ore to copper and Brent crude will drop over the next five years as global supplies climb, according to Goldman Sachs Group Inc., which highlighted oil’s recent losses as a sign of increased output.
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Trump Plaza to Close, Costing Atlantic City 1,000 Jobs

Trump Plaza to Close, Costing Atlantic City 1,000 Jobs | EconMatters | Scoop.it
Trump Entertainment Resorts Inc. plans to close one of its two Atlantic City casinos in September, putting about 1,000 people out of work in the seaside New Jersey resort town.
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