Yellen sworn in as Fed chair, succeeding Bernanke

At a meeting last week, the last under Bernanke's leadership, the Fed approved a second $10 billion reduction in its monthly bond purchases to $65 billion. The Fed's bond buying has been intended to keep long-term interest rates near record lows to stimulate the economy. Hensarling has argued that the Fed's use of trillions in bond purchases and ultra-low rates have left the country vulnerable to higher inflation and economic instability. Yellen made no comments during the ceremony Monday in which the oath of office was administered by Fed Governor Daniel Tarullo, the senior member of the Fed's seven-member board.
Source: USA TODAY


Swirl >>

WATCH Breathtaking New Video Of Felix Baumgartners Record Jump - NPR
Sunday February 2 2014 - PBS NEWSHOUR
The Notes MustReads for Monday February 3 2014 - ABC
Whats new to Netflix in February - CNN
Pictures of the day 4 February 2014 - TELEGRAPH
Einsteins theory of relativity stands up to scrutiny from the archive 4 February 1924 - THE GUARDIAN
Monday February 3 2014 - PBS NEWSHOUR
Weak US manufacturing data sends world markets into slump as Janet Yellen takes over Federal Reserve - INDEPENDENT

New title but old role may be ahead for Bill Gates

Even as Bill Gates weighs giving up his title of chairman of Microsoft Corp., he's poised to remain involved at the company he co-founded in an area of its deepest need: crafting must-have products. As the board prepares to appoint Satya Nadella as Microsoft's next chief executive officer, it's considering replacing Gates as board chairman, people with knowledge of the matter have said. Microsoft has had just two CEOs - Ballmer and Gates - and one chairman. Some external candidates who discussed the CEO job with Microsoft expressed concerns they would lack independence if both Ballmer and Gates stayed on as directors, according to people familiar with their thinking.
Source: SAN FRAN CHRONICLE


Swirl >>

Obama Tells Bill OReilly He Isnt The Most Progressive President In History - HUFFINGTON
National Briefing Washington Bill to Help Veterans Pay Tuition Advances - NEW YORK TIMES
SanofiAventis To Buy Genzyme For 20 Billion - CBS NEWS
SIA Semiconductors Finally Break 300 Billion Barrier - FORBES
Billions needed to fund deforestation prevention plan report - REUTERS
The Mormon Who Creates Billions of Fake Identities Every Month - FORBES
Hillary Bill and the media The undertheradar marriage issue - FOX NEWS
Bill Callahan review - THE GUARDIAN

'A Global Bathtub': Rethinking The U.S. Oil Export Ban

Over time the predominant metaphor for picturing the world oil market shifted from those little barrels of crude to what Yale energy economist Bill Nordhaus calls the "Global Bathtub of Oil.". Nordhaus tracked world oil prices over two decades, and found the global price for a barrel of crude tends to be the same whether the oil is from Saudi Arabia or Scotland. According to bathtub theory, no one supplier can completely disrupt the oil market, and the more oil that goes in bathtub, the better energy security is for everyone - including Americans. "Doing so would enrich oil companies by enabling them to sell their oil at the higher world price, but it could increase domestic gasoline prices and reduce our energy security."
Source: NPR


Swirl >>

Rep Paul Broun Would Back Obama Impeachment - ABC
The Champion Barack Obama - THE ATLANTIC
Its Elizabeth Warrens Party Barack Obama Is Just Living in It - NATIONAL JOURNAL
Why Chinas PMI Figures Might Not Be As Bad As They Look - FORBES
Egypt Bank Closures Add Strain On Economy - CBS NEWS
WATCH Breathtaking New Video Of Felix Baumgartners Record Jump - NPR
Frugal Traveler Wintertime Bargains in Budapest - NEW YORK TIMES
SIA Semiconductors Finally Break 300 Billion Barrier - FORBES

Barclays boss Antony Jenkins gives up bonus worth up to 2.7m

Barclays boss Antony Jenkins has given up his bonus worth up to 2.7m after another year mired in scandal but will still receive shares worth around 4m next month in awards from previous years. The way forward: Antony Jenkins' move heaps further pressures on other bosses including Lloyds chief Antonio Horta Osorio, to give up bonuses. Jenkins' 4m award relates to share incentives granted in previous years, that are now coming to fruition. Jenkins' move comes just days after it warned that a 330m charge for legal and regulatory issues will eat into its profits for 2013.
Source: DAILY MAIL


Swirl >>

Rep Paul Broun Would Back Obama Impeachment - ABC
The Champion Barack Obama - THE ATLANTIC
Artist Basquiats early works to be on exhibit auction in New York - REUTERS
Why Chinas PMI Figures Might Not Be As Bad As They Look - FORBES
Coppers swoon Bad omen for China - CNBC NEWS
Egypt Bank Closures Add Strain On Economy - CBS NEWS
Laura Prepon Will Be Back For Orange Is The New Black Season 2 - HUFFINGTON
Swiss Bank UBS Beats Forecasts and Shares Surge - ABC

Post buying PowerBar from Nestle

Is buying the PowerBar and Musashi brands from Nestle, expanding its holdings in the active nutrition category. Musashi is a leading sports nutrition brand in Australia. In January it completed a $370-million acquisition of Dakota Growers Pasta Co. Post said Monday that it expects to combine the PowerBar and Musashi brands with its current active nutrition portfolio to create an active nutrition group with annual revenue of nearly $550 million. The PowerBar and Musashi brands will join with Post-owned Premier Nutrition's Premier Protein and Joint Juice brands and Dymatize Enterprises's Dymatize and Supreme brands.
Source: LOS ANGELES TIMES


Swirl >>

Rep Paul Broun Would Back Obama Impeachment - ABC
The Champion Barack Obama - THE ATLANTIC
Artist Basquiats early works to be on exhibit auction in New York - REUTERS
The Battle Over Birth Control Ohios AG Leads National Campaign for Conservative Agenda - HUFFINGTON
Barnaby Joyce in Coalition tugofwar as Nationals press on drought package - THE GUARDIAN
Why Chinas PMI Figures Might Not Be As Bad As They Look - FORBES
Coppers swoon Bad omen for China - CNBC NEWS
Egypt Bank Closures Add Strain On Economy - CBS NEWS

Lloyds Banking Group 'April share sale likely'

3 February 2014 Last updated at 11:51 ET Lloyds Banking Group has confirmed it plans to return more of the government's 32.7% stake to private investors. The 6% stake in Lloyds that went to large investors raised £3.2bn alone. Lloyds Banking Group's shares fell nearly 4.3% in afternoon trading to 79.66p they remain more than 56% up over the last 52-week period. The bank added that the regulator, the Prudential Regulation Authority, would now consider allowing Lloyds to resume making dividend payments, given the group's improved financial performance.
Source: BBC


Swirl >>

Rep Paul Broun Would Back Obama Impeachment - ABC
Fox News to show second part of Bill OReilly interview with Barack Obama - THE GUARDIAN
Artist Basquiats early works to be on exhibit auction in New York - REUTERS
The Battle Over Birth Control Ohios AG Leads National Campaign for Conservative Agenda - HUFFINGTON
Why Chinas PMI Figures Might Not Be As Bad As They Look - FORBES
Coppers swoon Bad omen for China - CNBC NEWS
Egypt Bank Closures Add Strain On Economy - CBS NEWS
Laura Prepon Will Be Back For Orange Is The New Black Season 2 - HUFFINGTON

HP reveals 'extensive errors' in Autonomy accounting

The review of Autonomy's 2010 and 2011 financials shows for the first time the scope of the software company's accounting tricks. HP's late-2012 discovery of Autonomy's accounting missteps in part led to a massive $8.8 billion writedown of the company. Current CEO Meg Whitman said in November 2012 that a senior Autonomy manager came forward with the damning details shortly after Autonomy co-founder Mike Lynch left the company. He believes HP is simply accounting for certain items differently than Autonomy did when it was a private company.
Source: CNN


Swirl >>

Study Finds Rising Job Satisfaction And Autonomy Among Teachers - FORBES
HP Says Autonomy Erred Prior to Deal - WALL STREET JOURNAL
Autonomy profits slashed by HP accounts restatement - TELEGRAPH
Autonomy profits overstated by factor of five HP claims - TELEGRAPH
Autonomy made 80 less UK profit than stated HewlettPackard finds - THE GUARDIAN