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Stocks Edge Lower After Yellen, But Bank Stocks Rise – Yahoo Finance

Brent crude lost 1 percent as rising supplies from Libya overshadowed renewed violence in the country. The Dow Jones industrial average rose 5.26 points, or 0.03 percent, to 17,060.68, the S&P 500 lost 3.82 points, or 0.19 percent, to 1,973.28, and the Nasdaq Composite dropped 24.03 points, or 0.54 percent, to 4,416.39. The MSCI World Index fell 0.3 percent while European shares ended down 0.4 percent, pressured by a drop in Germany’s ZEW index of economic sentiment. The MSCI International ACWI Price Index fell 0.25 percent. BANK EARNINGS While Yellen’s comments were the day’s primary driver, financial shares helped major indexes recover from early losses.(Full Story) Both JPMorgan and Goldman Sachs rose after their results.
Source: http://finance.yahoo.com/news/asian-shares-firm-count-feds-003105613.html

Stocks Extend Winning Streak as Earnings, M&A Activity Continues to Buoy Wall Street – NASDAQ.com

Reynolds American ( RAI ) agreed to acquire its rival Lorillard ( LO ) for $27.4 billion, creating the second largest tobacco company in the U.S. The two companies will sell their Kool, Salem, Winston, Maverick and blu e-cigarette brands to British-based Imperial Tobacco Group ( ITYBF ) for $7.1 billion. British American Tobacco ( BTI ) will maintain its 42% stake in Reynolds. Reynolds American fell $4.34 to end at $58.84 while Lorillard finished $7.05 lower at $60.17 — a 10.5% loss.
Source: http://finance.yahoo.com/blogs/hot-stock-minute/stocks—–170717119.html

Stocks End Mostly in Red After Yellen, Earnings, Data – Yahoo Finance

Each reading came in ahead of Wall Street forecasts. The firm saw a drop in revenue in its fixed-income, currencies, and commodities trading revenue, but that decline was not out of line with industry peers. Goldman saw improvement in its investment-banking and lending divisions. Johnson & Johnson (JNJ) reported strong second-quarter results that exceeded both Morningstar analysts’ and consensus expectations largely because of stronger-than-expected pharmaceutical sales. In particular, sales of hepatitis C drug Olysio significantly outperformed expectations.
Source: http://finance.yahoo.com/news/stocks-end-mostly-red-yellen-202000326.html

Stocks finish mixed; Yellen’s comments hurt biotech and social media shares | Hot Stock Minute – Yahoo Finance

The Fed’s Beige Book showed a pickup in economic activity overall and a stronger labor market. Manufacturing, consumer spending and tourism were the strongest sectors, while New York, Chicago, Minneapolis, Dallas and San Francisco regions were the strongest regions. Meanwhile, Federal Reserve Chair Janet Yellen was back on Capitol Hill today for her second day of testimony to Congress. Yellen didnt rock U.S stocks to buy the boat when it came to equity valuations, like she did on Tuesday. However, she defended the central bank’s independence when grilled by Republican lawmakers about legislation to make the Fed more transparent. Time Warner ( TWX) shares gained 17%, or $12.12, $83.13 after the media conglomerate said it rejected an $80 billion takeover offer from Rupert Murdochs 21stCentury Fox ( FOXA ). IBM ( IBM ) shares rose $3.87 to $192.36 while Apple ( AAPL ) shares fell 54 cents to $94.78 after the former rivals announced they would join forces to develop apps for iPhones and iPads to sell to business customers.The news of the partnership drove down shares of Blackberry ( BBRY ) down by $1.33, or 11.8%, to $9.97.
Source: http://finance.yahoo.com/blogs/hot-stock-minute/stocks-end——-173754299.html

Stocks end higher; the Dow sets another record close | Hot Stock Minute – Yahoo Finance

Energy stocks were outperforming due to a bounce in oil prices while tech issues were getting a bounce from better-than-expected earnings from Intel ( INTC ), but interest-rate sensitive sectors were again being weighed down by recent gains in Treasury yields and expectations for higher U.S. interest rates. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc. Copyright (C) 2014 MTNewswires.com. All rights reserved.
Source: http://www.nasdaq.com/article/stocks-extend-winning-streak-as-earnings-ma-activity-continues-to-buoy-wall-street-cm370595

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Etf Asset Report For The First Half Of 2014 – Yahoo Finance

The non-energy oriented companies enjoying partnership taxation treatment get an entry pass to the index. KKR & Co LP, Blackstone Group LP and Lazard Ltd are the top three holdings of the index, with each accounting for about 10%. The fund charges about 85 bps a year which is reasonable either from an MLP ETFs point of view or from the leveraged ETFs’ standpoint. Notably, the average expense ratio in the MLP ETF space is 80 bps while the same for leveraged space stands at 92 bps, as per ETFdb.
Source: http://www.nasdaq.com/article/leveraged-etf-launch-non-energy-mlp-etn-hits-market-etf-news-and-commentary-cm367719

New Iowa law allows for additional future votes to increase Iowa corn checkoff | Fox Business

The top-and-bottom five asset generators/losers in the first half of 2014 are given below. Developed markets were the star performers in terms of asset gathering with these five ETFs seeing maximum inflows: Top Gainers in 1H14 ($, Million) Ticker VEA-Developed Markets Developed markets won investors faith the most in the first half of the year. A super easy monetary policy prevailing in most developed nations ranging from the U.S. to Japan and Europe bolstered the respective equity link markets.
Source: http://finance.yahoo.com/news/etf-asset-report-first-half-195022971.html

Bond ETF Strategies to Shield Against Rising Rates – Yahoo Finance

Checkoff funds have been used to promote ethanol, such as sponsoring an Indy Car race. The checkoff can only be increased after farmers approve it in a referendum. The first authorization on the checkoff in 1977 set a maximum of 1 cent per bushel sold. In 2012 corn producers approved that amount, which meant state legislators had to update the law for the checkoff to go any higher. Corn promotion officials say they have no plans to increase the checkoff, which generates as much as $20 million a year.
Source: http://www.foxbusiness.com/markets/2014/07/06/new-iowa-law-allows-for-additional-future-votes-to-increase-iowa-corn-checkoff/

Democrats try to break GOP lock on Cuban vote by opposing US trade embargo against Havana | Fox Business

Associated Press Stocks hit a new all-time this last week on the heels of a strong unemployment and jobs number. Now investors have to decide whether the next year or more will simply be a sustained bull market or if it … 24/7 Wall St. WASHINGTON (AP) How does the U.S. economy do it?
Source: http://finance.yahoo.com/news/bond-etf-strategies-shield-against-120014531.html

Leveraged ETF Launch: Non Energy MLP ETN Hits Market – ETF News And Commentary – NASDAQ.com

But Democrats, including Hillary Rodham Clinton, see an opening with newer Cuban arrivals and second-generation Cuban-Americans who favor resuming diplomatic relations. Republicans and some Democrats say the efforts are a betrayal of the Cuban-American community. Crist’s campaign will be the first statewide test of whether the trade restrictions are still a live wire for Florida politicians. The outcome could help reshape American foreign policy and Florida’s political landscape. Wall Street has emerged from the financial crisis deeply changed.
Source: http://www.foxbusiness.com/markets/2014/07/05/democrats-try-to-break-gop-lock-on-cuban-vote-by-opposing-us-trade-embargo/

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Obama To Democratic Gubernatorial Hopefuls: It’s Your Fault If You Lose – Washington Times

Warren and other populist liberals, took direct aim at Mr. Obama while pushing wholesale changes in the Democratic Party. The White House failed to define any agenda for voters in 2014, the PCCC said in a statement. Progressives will remold the Democratic Party in Elizabeth Warren s image focused on big ideas and popular economic issues. Well organize in New Hampshire and Iowa to ensure that all Democrats running for president take a position on Warren s populist agenda of reforming Wall Street, reducing student debt, and expanding Social Security benefits. But the White House clearly views Tuesdays election results much differently. SEE ALSO: Obama: Worst possible midterm scenario for Dems in 50 years As Americans headed to the polls, administration officials shot back at liberal critics and argued that any candidate who blames Mr.
Source: http://www.washingtontimes.com/news/2014/nov/4/obama-not-blame-if-dem-gubernatorial-candidates-lo/?utm_source=RSS_Feed&utm_medium=RSS

Obama switches planes after mechanical problem | Fox News

The White House described the problem as minor. ADVERTISEMENT ADVERTISEMENT Obama on Sunday traveled to Connecticut and Pennsylvania to campaign for Democrats in gubernatorial races. He had flown on a US government C-32 plane, smaller than the 747 jet he typically flies in. Any aircraft the president is used is identified as Air Force One. After discovering the mechanical problem, Obama and other travelers with him switched to a backup C-32.
Source: http://www.foxnews.com/politics/2014/11/02/obama-switches-planes-after-mechanical-problem/

Obama laughs off ‘s—-y golfer’ remark | TheHill

McConnell rips Grimes front page over tornado The Republican’s campaign criticizes charges billed to Morgan County. Maine ends standoff with Ebola… Doctors Without Borders volunteer will no longer be subject to strict… Female vets charge into office Eleven female veterans are running for the House or Senate. Nate Silver: GOP ‘probably’ wins… “It’s still a close election,” the statistician and political analyst said. Clyburn blames messaging for Dems…
Source: http://thehill.com/blogs/in-the-know/222837-obama-laughs-off-jordans-s-y-golfer-insult

Obama to meet Aung San Suu Kyi in Myanmar – Yahoo News

Last month, the parliament agreed to consider changing the constitution to allow her candidacy. Obama called the Myanmar president last week to underscore “the need for an inclusive and credible process for conducting the 2015 elections.” The government has promised the vote next year will be the freest in the country’s modern history after the military ceded direct power to a quasi-civilian government three years ago. Thein Sein has surprised the international community in recent years with a number of dramatic reforms that have seen international sanctions removed as the country opens up to the world. But the country still faces a myriad of challenges — including an opaque legal system, creaking infrastructure and significant poverty levels — that will need to be tackled by any new government after next year’s election. Obama’s Asia trip will also include a stop in China from November 10-12, where he is to participate in the Asia-Pacific Economic Cooperation (APEC) forum and have a state visit with President Xi Jinping.
Source: http://news.yahoo.com/obama-meet-aung-san-suu-kyi-myanmar-140126706.html

Obama declares Hawaiian lava flow to be major disaster – Yahoo News

The statement added that elections would go ahead on Tuesday at polling stations in the area. The U.S. Geological Survey Hawaiian Volcano Observatory said a finger of lava on Monday was trudging downslope, parallel to a larger flow that crossed onto a residential property last week before stalling. Kilauea has erupted continuously from its Pu’u O’o vent since 1983. The last home destroyed by lava on the Big Island was at the Royal Gardens subdivision in Kalapana in 2012.
Source: http://news.yahoo.com/obama-declares-hawaiian-lava-flow-major-disaster-034358760.html

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Obama To Democratic Gubernatorial Hopefuls: It’s Your Fault If You Lose – Washington Times

Warren and other populist liberals, took direct aim at Mr. Obama while pushing wholesale changes in the Democratic Party. The White House failed to define any agenda for voters in 2014, the PCCC said in a statement. Progressives will remold the Democratic Party in Elizabeth Warren s image focused on big ideas and popular economic issues. Well organize in New Hampshire and Iowa to ensure that all Democrats running for president take a position on Warren s populist agenda of reforming Wall Street, reducing student debt, and expanding Social Security benefits. But the White House clearly views Tuesdays election results much differently. SEE ALSO: Obama: Worst possible midterm scenario for Dems in 50 years As Americans headed to the polls, administration officials shot back at liberal critics and argued that any candidate who blames Mr.
Source: http://www.washingtontimes.com/news/2014/nov/4/obama-not-blame-if-dem-gubernatorial-candidates-lo/?utm_source=RSS_Feed&utm_medium=RSS

Obama switches planes after mechanical problem | Fox News

The White House described the problem as minor. ADVERTISEMENT ADVERTISEMENT Obama on Sunday traveled to Connecticut and Pennsylvania to campaign for Democrats in gubernatorial races. He had flown on a US government C-32 plane, smaller than the 747 jet he typically flies in. Any aircraft the president is used is identified as Air Force One. After discovering the mechanical problem, Obama and other travelers with him switched to a backup C-32.
Source: http://www.foxnews.com/politics/2014/11/02/obama-switches-planes-after-mechanical-problem/

Obama laughs off ‘s—-y golfer’ remark | TheHill

McConnell rips Grimes front page over tornado The Republican’s campaign criticizes charges billed to Morgan County. Maine ends standoff with Ebola… Doctors Without Borders volunteer will no longer be subject to strict… Female vets charge into office Eleven female veterans are running for the House or Senate. Nate Silver: GOP ‘probably’ wins… “It’s still a close election,” the statistician and political analyst said. Clyburn blames messaging for Dems…
Source: http://thehill.com/blogs/in-the-know/222837-obama-laughs-off-jordans-s-y-golfer-insult

Obama to meet Aung San Suu Kyi in Myanmar – Yahoo News

Last month, the parliament agreed to consider changing the constitution to allow her candidacy. Obama called the Myanmar president last week to underscore “the need for an inclusive and credible process for conducting the 2015 elections.” The government has promised the vote next year will be the freest in the country’s modern history after the military ceded direct power to a quasi-civilian government three years ago. Thein Sein has surprised the international community in recent years with a number of dramatic reforms that have seen international sanctions removed as the country opens up to the world. But the country still faces a myriad of challenges — including an opaque legal system, creaking infrastructure and significant poverty levels — that will need to be tackled by any new government after next year’s election. Obama’s Asia trip will also include a stop in China from November 10-12, where he is to participate in the Asia-Pacific Economic Cooperation (APEC) forum and have a state visit with President Xi Jinping.
Source: http://news.yahoo.com/obama-meet-aung-san-suu-kyi-myanmar-140126706.html

Obama declares Hawaiian lava flow to be major disaster – Yahoo News

The statement added that elections would go ahead on Tuesday at polling stations in the area. The U.S. Geological Survey Hawaiian Volcano Observatory said a finger of lava on Monday was trudging downslope, parallel to a larger flow that crossed onto a residential property last week before stalling. Kilauea has erupted continuously from its Pu’u O’o vent since 1983. The last home destroyed by lava on the Big Island was at the Royal Gardens subdivision in Kalapana in 2012.
Source: http://news.yahoo.com/obama-declares-hawaiian-lava-flow-major-disaster-034358760.html