MINNEAPOLIS — The action starts at 4 a.m. Twin Cities time on Tuesday, and will end several weeks later with the birth of one of the world’s largest health care companies. That’s assuming all goes according to plan. On Tuesday morning, executives with Minnesota med-tech giant Medtronic and Dublin-based health care supplier Covidien will urge their…...
Former Alaska Gov. Sarah Palin responded to People for the Ethical Treatment of Animals — or PETA — after triggering a social media firestorm. On New Year’s Day, she posted pictures of her son Trig standing on the family dog so he could help out with the dishes. Thousands of netizens, along with PETA, chimed in…...
MILFORD, Pa. — In the video Pennsylvania State Police Cpl. Bryon Dickson walks out into the night air, no doubt glad to be done his 3 to 11 o’clock shift at the Blooming Grove barracks. Suddenly, he drops down and disappears from view. There’s no sound on the surveillance video, which simultaneously recorded three area of…...
(Reuters) – China is looking at signing an agreement with the United States to target assets illegally taken out of China by corrupt officials, a newspaper said on Monday, as the government tightens the screws in its anti-graft battle. China has vowed to pursue a search, dubbed Operation “Fox Hunt,” beyond its borders for corrupt officials…...
Low interest rates: Blame Tech, Globalization & EM (Not QE) via Investing Caffeine Recently I have written about the head-scratching, never-ending, multi-decade decline in long-term interest rates (see chart below). Who should care? Well, just about anybody, if you bear in mind the structure of interests rates impacts the cost of borrowing on mortgages, credit cards,…...
Allianz, the Munich-based multinational insurance firm, could face a nearly $100 million payout to cover losses stemming from the missing AirAsia Flight QZ8501, which disappeared over the Java Sea on Sunday with 162 people on board, Reuters reported Monday. The company was also the lead reinsurer to Malaysia Airlines’ Flight MH370, which has been missing since…...
CHICAGO, Dec. 24, 2014 /PRNewswire/ — Millions of Americans are expected to make this holiday season one of the busiest for travel on record. Major relief at the pump means that many drivers will take longer road trips than a year ago. Across the U.S., consumers are paying the lowest average prices for gasoline in five…...
Epic Price Reversal for Commodities in 2014 By Frank Holmes CEO and Chief Investment Officer U.S. Global Investors If you want to know what happened in 2014 with regard to gold and oil, it’s important to appreciate the inverse relationship between the U.S. dollar and commodities. The following chart is a good place to start: click…...
DETROIT, Dec. 19, 2014 /PRNewswire/ — Ally Financial Inc. (NYSE: ALLY) today announced that the U.S. Department of the Treasury has sold its remaining 54.9 million shares of Ally common stock at $23.25 per share and as a result, Ally will have exited the Troubled Asset Relief Program (TARP) upon settlement of the sale. The U.S.…...
U.S.-led airstrikes have largely halted the momentum of the jihadist group known as Islamic State, or ISIS, which swept across Iraq and Syria during the chaos of the Syrian Civil War this summer, according to a report in the Financial Times. Unable to keep up the breakneck pace of its conquests over the summer, the group’s…...
One hundred foreign fighters who joined the Islamic State group were killed for attempting to flee the extremist group’s headquarters in the Syrian city of Raqqa, the Financial Times reported Friday. Some jihadists who were drawn to Syria have now become disenchanted with the grueling fight, but the leaders of the militant group formerly known as…...
A ghost-like sea creature has been found lurking in the deepest, darkest reaches of the ocean. Scientists say they spotted the as-yet-unknown snailfish at more than 26,700 feet below the surface, the record depth for fish, scientists say. The translucent creature has an eel-like tail and stringy flippers and appears to wend through the water like…...
HAVANA, Cuba — President Raul Castro demanded on Saturday that the United States respect Cuba’s communist rule as the two countries work to restore diplomatic ties, and warned that Cuban-American exiles might try to sabotage the rapprochement. US President Barack Obama this week reset Washington’s Cold War-era policy on Cuba and the two countries swapped prisoners…...
The steep slide in crude prices feels like a lump of coal in the stockings of oil producers — and an early Christmas gift to exporters and consumers. But will falling oil prices derail the Canadian economy in 2015? Economists say that although they are reducing their forecasts for growth in 2015, overall the Canadian economy…...
