IPad Prices Add to Tokyo Surprise as Linkers Gain: Japan Credit

IPad Prices Add to Tokyo Surprise as Linkers Gain: Japan Credit

By pillfree on from www.bloomberg.com

Apple Inc.’s raising of iPad prices in Japan and a surprise increase in Tokyo consumer prices added to signs that monetary stimulus is starting to stoke inflation. Japan’s breakeven rate, a measure of inflation expectations, indicate annual price increases of 1.61 percent in the next five years, 0.23 percentage point from the highest on record going back to 2009 and compared with a 0.83 percent r
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Ford, Chrysler sales best in years; Caddy powers GM

Ford, Chrysler sales best in years; Caddy powers GM

By cleanmemory on from www.usatoday.com

Ford Motor and Chrysler Group reported their best May new-vehicle sales in years, and General Motors got a solid boost from its Cadillac brand.
"May car sales are coming in a tad stronger than predicted, driven by a significant rebound in full-size pickup trucks sales due to a recovering construction market," said Edmunds.com analyst Michelle Krebs at mid-day, before most European and Asian
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Deadly fire ravages poultry plant in China

Deadly fire ravages poultry plant in China

By santiagorios on from www.washingtonpost.com

Smoke rises from a poultry-processing plant in Jilin province’s Mishazi township that erupted in fire early Monday. The blaze, thought to be sparked by three explosions, trapped workers inside the facility, killing at least 119 people and injuring several dozen, reports and officials said.
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China manufacturing gauge rises in May

China manufacturing gauge rises in May

By viralmrkt11 on from www.marketwatch.com

Manufacturing in China rose modestly in May, according to the Purchasing Managers' Index for the month. The closely watched official index rose to 50.8 in May from 50.6 in April, showing that there was expansion in manufacturing activity in the world's second-largest economy -- but only a little.
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Dell Backs $13.65 a Share Silver Lake Offer, Forcing Icahn's Hostility

Dell Backs $13.65 a Share Silver Lake Offer, Forcing Icahn's Hostility

By walera on from www.thestreet.com

A special committee evaluating takeover proposals for Dell (DELL_) has backed a $13.65 a share buyout offered by Silver Lake Partners and founder Michael Dell, over a $12 a share special dividend proposed by activist investor Carl Icahn.
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5 dead after tornadoes, floods strike Oklahoma

5 dead after tornadoes, floods strike Oklahoma

By scipio1 on from www.usatoday.com

Officials were preparing to survey the damage Saturday morning after tornadoes hit the Oklahoma City metro area Friday, killing at least 5 people and injuring 50.
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Record unemployment, low inflation underline Europe's pain

Record unemployment, low inflation underline Europe's pain

By ffffred on from www.reuters.com

Unemployment has reached a new high in the euro zone and inflation remains well below the European Central Bank's target, underscoring just how severe a challenge EU leaders face to revive the bloc's sickly economy.
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Mortgage rates are highest in a year

Mortgage rates are highest in a year

By rewriter8sb on from money.cnn.com

Mortgage rates have hit their highest level in more than a year, making homes more expensive for buyers who finance their purchases.
The rate on a 30-year fixed-rate mortgage jumped 0.22 percentage point to 3.81% this week, according to Freddie Mac.
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