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Showing posts from January 6, 2016

DealBook P.M. Edition on January 6, 2016: Top Story: Starboard Value Calls for Shake-Up at Yahoo and Shift in Strategy

    Wednesday, January 6, 2016 TOP STORY Starboard Value Calls for Shake-Up at Yahoo and Shift in Strategy In a letter to the company's board, the activist investor also hinted that it might seek to run its own slate of directors.

WSJ | Biggest Decliners Closing on January 6, 2016.

NYSE Biggest Percentage Decliners | Nasdaq | Arca | Composite Find Historical Data | WHAT'S THIS? Wednesday, January 06, 2016 - 5:01 pm ET

Wall Street at Close Report by CNBC on January 6, 2016: Dow Closes Down Triple Digits; Oil at 7-Year Lows. Dow closes down triple digits; oil at 7-yr lows Evelyn Cheng   U.S. stocks closed lower Wednesday, pressured by continued concerns about global economic growth, low oil prices and increased geopolitical tensions. "It's pretty much the same story. You've got China growth problems. U.S. manufacturing sector seems to be in recession territory. Pile on that (reports of) North Korea testing nukes. ... It's got a lot of people nervous," said John Caruso, senior market strategist at RJO Futures.

FTC Press Release - January 6, 2016: FTC Report Provides Recommendations to Business on Growing Use of Big Data

Report Notes Ways to Avoid Discriminatory Data Use, Highlights Benefits & Risks of Big Data for American Consumers A new report from the Federal Trade Commission outlines a number of questions for businesses to consider to help ensure that their use of big data analytics, while producing many benefits for consumers, avoids outcomes that may be exclusionary or discriminatory. “Big data’s role is growing in nearly every area of business, affecting millions of consumers in concrete ways,” said FTC Chairwoman Edith Ramirez. “The potential benefits to consumers are significant, but businesses must ensure that their big data use does not lead to harmful exclusion or discrimination.”

The Guardian | World | Sri Lanka - January 6, 2016: Sri Lanka Accused of Allowing Continuing Human Rights Abuses Sri Lanka accused of allowing continuing human rights abuses Jason Burke Sri Lankan authorities have been accused of allowing continuing human rights abuses, including torture and illegal detention, exactly one year after Maithripala Sirisena took power on a reforming ticket in a surprise election win. International campaigners say they have documented 27 individual cases of serious human rights abuses occurring in the last 12 months.

NYT | Asia Pacific - January 6, 2016: White House Disputes North Korea’s Claim of Hydrogen Bomb Test White House Disputes North Korea’s Claim of Hydrogen Bomb Test Choe Sang-Hun and David E. Sanger President Park Geun-hye of South Korea, center, convened an urgent meeting of her top national security aides in Seoul, South Korea, on Wednesday. South Korean Presidential Blue House, via Getty Images SEOUL, South Korea — The White House said Wednesday that initial data from its monitoring stations in Asia were “not consistent” with North Korea ’s claim that the nuclear test it carried out earlier in the day was its first test of a hydrogen bomb, a far more powerful weapon than the country had previously built. The statement by Josh Earnest, the White House press secretary, came as the United Nations Security Council condemned the test after a two-hour closed-door meeting, and after China, Britain, France, Japan and other powers indicated that t

CMI Spot Prices as of Close of Trading in New York on January 6, 2016

Spot Prices as of traditional New York closing times Wednesday, January 06, 2016  

FTC Press Release - January 6, 2016: FTC Adopts Procedures for Administrative Collection of Debts Owed to the FTC

Commission Approves Amendments to Its Rules of Practice The Federal Trade Commission has approved amending language in its Rules of Practice that applies to the collection of outstanding debts owed under FTC orders and judgments. The final rule amendments to Part 1 of the Commission’s Rules of Practice formally adopt government-wide Federal Claims Collection Standards and other applicable procedures for collecting delinquent debts by certain authorized administrative methods. The amendments address the U.S. Department of the Treasury’s collection of debts owed to the FTC through deduction of funds from certain federal payments and federal tax refunds. The Commission vote to issue the Federal Register Notice setting forth these amendments to its Rules of Practice was 4-0 ; (FTC File No P072104) . The staff contact is Stephen Dowdell, Enforcement Division, Bureau of Consumer Protection, 202-326-2814. Federal Trade Commission works to promote competition

SEC Press Release - January 6, 2016: SEC: J.P. Morgan Misled Customers on Broker Compensation.

The Securities and Exchange Commission today announced that J.P. Morgan’s brokerage business agreed to pay $4 million to settle charges that it falsely stated on its private banking website and in marketing materials that advisors are compensated “based on our clients’ performance; no one is paid on commission.”

SEC Litigation Release - January 6, 2016: Ronald Lawrence Schuman.

U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 23441 / January 6, 2016 United States v. Ronald Lawrence Schuman , Criminal Action No. 1:14-cr-10053-MLW (D. Mass. Feb. 27, 2014) Corporate Officer Sentenced for Fraudulent Kickback and Market Manipulation Scheme

FDIC Press Release - January 6, 2016: FDIC Issues List of Banks Examined for CRA Compliance.

Press Release FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE January 6, 2016 Media Contact: LaJuan Williams-Young (202) 898-3876 Email:

FRB Press Release | Joint Press Release - January 6, 2016: Bank Regulatory Agencies and CDFI Fund to Sponsor National Interagency Community Reinvestment Conference

Joint Press Release Board of Governors of the Federal Reserve System Community Development Financial Institutions Fund Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For release at 11:00 a.m. EST January 6, 2016 Bank Regulatory Agencies and CDFI Fund to Sponsor National Interagency Community Reinvestment Conference

GATA | THE GATA DISPATCH - January 6, 2016: Comex Gold Inventories Don't Matter as Much as Central Bank Inventories Do.

Comex gold inventories don't matter as much as central bank inventories do Submitted by cpowell on January 6, 2016 . January 6, 2016

ESA | Manufacturer's Shipments, Inventories, and Orders - January 6, 2016: November 2015 New Orders For Manufactured Goods Decreased 0.2 Percent, Shipments Rose 2% and Unfilled Orders Rose 2% and Inventories fell 03%

November 2015 new orders for manufactured goods decreased 0.2 percent, to $472.2 billion. Shipments rose 0.2 percent, to $475.3 billion. Unfilled orders rose 0.2 percent, to $1,193.9 billion.  And inventories fell 0.3 percent, to $641.3 billion. Manufacturers' Shipments Inventories and Orders (November 2015).pdf Economics & Statistics Administration

BEA News Release - January 6, 2016: The U.S. Bureau of Economic Analysis,TthroughTthe Department of Commerce, Announced Today That The Goods and Services Deficit was $42.4 Billion in November, Down $2.2 Billion From $44.6 Billion in October... and .. More

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today: The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $42.4 billion in November, down $2.2 billion from $44.6 billion in October, revised. November exports were $182.2 billion, $1.6 billion less than October exports. November imports were $224.6 billion, $3.8 billion less than October imports. The full text of the release on BEA's Web site can be found at international/trade/ tradnewsrelease.htm

RT Cross Talk - January 6, 2016: Saudi's World.

CrossTalk: Saudi's World RT Published on Jan 6, 2016 Saudi Arabia’s foreign and domestic policies are becoming much more aggressive, even deadly. What is driving Riyadh’s agendas? The Saudis appear to desire a greater and more independent role in the Middle East. Where does the Kingdom’s most powerful backer – Washington – stand? And what about fighting the Islamic State? CrossTalking with Alex Vatanka, Pete Hoekstra, and M

Bloomberg Politics - January 6, 2016: Why Gun Control Is Back as a Democratic Campaign Issue Why Gun Control Is Back as a Democratic Campaign Issue Margaret Talev margarettalev   Gun control is back as a Democratic campaign issue. When President Barack Obama said Tuesday he'll bypass Congress to force more background checks on gun purchases, Hillary Clinton , the leading Democrat running to replace him, thanked him on Twitter for taking "a crucial step" against gun violence and concluded that "our next president has to build on that progress—not rip it away."

Reuters | Deals - January 6, 2016: Exclusive: Verizon Launches Auction to Sell Data Centers - Sources Exclusive: Verizon launches auction to sell data centers - sources By Greg Roumeliotis and Liana B. Baker   Verizon Communications Inc ( VZ.N ) has started a process to sell its data center assets, hoping to fetch more than $2.5 billion, people familiar with the matter said on Tuesday, as the U.S. telecommunications conglomerate focuses on its core business.

NYT first Draft on Politics - January 6, 2016: A Day of Policy, Dropped Guards and Rancor

Wednesday, January 6, 2016 » Wednesday, January 6, 2016 Jeb Bush spoke in Hooksett, N.H., on Tuesday at a Forum on Addiction and the Heroin Epidemic at Southern New Hampshire University. Cheryl Senter for The New York Times A Day of Policy, Dropped Guards and Rancor By MAGGIE HABERMAN

DealBook Today's Top Headlines - January 6, 2016: Bank Rule Distorting Performance Is Repealed | Centerview Benefits From Wall Street Pivot | Valeant Said to Be Planning to Appoint New Chief

    Wednesday, January 6, 2016 TODAY'S TOP HEADLINES By AMIE TSANG BANK RULE DISTORTING PERFORMANCE IS REPEALED An "Alice in Wonderland" accounting rule that allowed banks to book huge gains because they were stressed has been overturned,

Bloomberg Business: First Taste of 2016 Currency Swings Has Traders Hungry for More ( Published on January 5, 2016 and Updated January 6, 2016). First Taste of 2016 Currency Swings Has Traders Hungry for More  ByLananh Nguyen  Rachel Evans After the worst annual performance since 2011 for currency managers, exaggerated price swings during the first two trading days of the year have traders on alert.

The Guardian | Labor - January 6, 2015: Labour reshuffle: Thornberry replaces Eagle for defence, McFadden sacked and Benn stays by Francis Perraudin. Labour reshuffle: Thornberry replaces Eagle for defence, McFadden sacked and Benn stays Frances Perraudin

The Guardian | World | North Korea - January 6, 2016: January 6, 2016: North Korea Nuclear Test: Regime Says It Has Successfully Detonated Hydrogen Bomb. North Korea nuclear test: regime says it has successfully detonated hydrogen bomb Justin McCurry