Bernanke Makes Two-Year Treasury Notes Sweetest Spot

Past may be no prologue for Treasury investors when Federal Reserve policy makers begin to withdraw their unprecedented monetary stimulus without raising interest rates.
For the first time since at least 1980, a change in monetary policy may mean the difference between short- and long-term Treasury yields will widen rather than narrow. The threat […]

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King Says Hedge Funds Didn’t Cause Him to Lose Sleep in Crisis

Bank of England Governor Mervyn King said officials didn’t lose sleep during the financial crisis worrying about the failure of hedge funds, whose model provides a potential solution in regulating the banking system.
“After the failure of Lehman Brothers and the need to recapitalize the banking system, it became very clear that hedge funds, […]

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Roth IRAs for teens pay off at tax time

Saving for a teenager’s retirement might sound far-fetched, especially with college costs looming. Who’s got time or money to be planning for the 2060s?
Yet setting up a Roth individual retirement account for your teen can be a smart and rewarding move to consider at tax time. You don’t have to be rich, either.
[…]

HP, Shell ink seismic deal

Hewlett-Packard Co. and Royal Dutch Shell PLC announced a collaboration today to develop ultra-high-resolution seismic sensing equipment.
The Palo Alto, Calif. computer giant (NYSE: HPQ) is partnering with Shell (NYSE: RDS.A) to deliver a higher channel count and broader sensor frequency range to get a better seismic picture of what lies beneath in oil and gas […]

Pakistan May Offer $1 Billion Debt, Sell State Assets

Pakistan may offer as much as $1 billion of bonds and resume selling state assets in the coming months, Finance Minister Shaukat Tarin said, as the government forecasts a widening budget deficit amid rising war costs.
“We have made all the arrangements and we will conduct roadshows in the next couple of months,” Tarin […]

Arizona is enticing despite bank woes

As if being a banker in Missouri isn’t tough enough these days, Peter Benoist of Enterprise Bank wants to set up shop in the real estate disaster zone known as Phoenix — in the skeleton of a failed bank, no less.
The banking business in Arizona is sickly indeed. The state’s banks have lost […]

Japan Jobless Rate Climbs for First Time Since July

Japan’s unemployment rate rose for the first time in four months in November, an indication job growth may not be strong enough to support the economy’s recovery from its deepest postwar recession.
The jobless rate climbed to 5.2 percent from 5.1 percent in October, the statistics bureau said today in Tokyo, matching the median […]

Fry’s, Safeway workers approve contracts

Grocery workers at Fry’s Food stores and Safeway supermarkets have approved a new labor deal with management.
Fry’s parent company Kroger Co. and the United Food and Commercial Workers Union announced results of grocery employee votes Friday.
The deal resolved disputes regarding health care premiums and pay levels. Fry’s has 13,000 employees in Arizona. Safeway has about […]

AOL Chief Takes Apple Turnaround as Model to Revive Ad Sales

AOL Inc. Chief Executive Tim Armstrong is on a mission to show that the company isn’t some dot-com has-been selling Web access and e-mail. It’s a digital-media company with 80 websites churning out everything from personal finance advice to bedroom tips.
The 100 million unique viewers AOL attracts each month are enough to […]

SEC charges fraud against Canopy, executive

The Securities and Exchange Commission filed fraud charges against Canopy Financial Inc., the health care financial services company that tumbled into bankruptcy this week amid accusations that it had falsified financial reports.
In its complaint, the SEC alleges that Canopy and Jeremy Blackburn — the former president and chief operating officer who resigned shortly after the […]