Top Stories Archive

Argentine default looms as time runs out for debt deal

By Sarah Marsh BUENOS AIRES (Reuters) – Argentina looks set to default on its debt for the second time in 12 years next Thursday as negotiations with “holdout” investors seemingly go nowhere and neither side shows signs

Fund manager: Random stock picking will beat S&P

The SP 500 (^GSPC), considered to be the a leading indicator of U.S. equities, is flawed, according to one of the U.K.’s most successful hedge fund managers, who said that investors would be better off choosing stocks

The world’s most expensive Big Mac

Would you pay $7 for a Big Mac? If you took your U.S. dollars to Norway, that’s how deep the exchange rate would set you back. There, a McDonald’s (MCD) Big Mac costs 48 Norwegian kroner, which

Dow 17,000 is more than just another ‘big round number’

The SP 500 (^GSPC) hit yet another record on Wednesday propelled by decent earnings from Apple (AAPL) and Pepsi (PEP). For the year the total return of the SP is approaching 10%. Since the generational lows of

Dow 20K? Not before shedding 3,000 points

“When you have all this liquidity chasing a fixed number of assets the asset price inflation takes place.” That’s Komal Sri-Kumar rather neatly summarizing the cynic’s take on the last 5 years of the stock market. “It

Apple profit soars but iPads slump

Apple sales and profit soared last quarter despite a steep decline in demand for the iPad. The iPhone, Apple’s flagship product, continued to gain significant traction. Apple sold 35.2 million iPhones in the past three months, up

Is Germany still the champion?

By Philip Blenkinsop BRUSSELS (Reuters) – A week on from its World Cup soccer victory, Germany may return to center stage, though this time not with fan celebrations but concerns over the health of Europe’s economic motor.

Mansions for under $1 million

In 19th century New Bedford, the well-to-do lived in comfortable homes uphill from the harbor’s hustle and bustle. This house was built in a well-kept neighborhood of wood frame homes in 1855, when the city was at

U.S. drugmaker AbbVie finally wins Dublin’s Shire with $55 billion deal

By Paul Sandle LONDON (Reuters) – U.S. drugmaker AbbVie Inc bought Dublin-based Shire Plc on Friday in a 32 billion pound ($54.7 billion) deal that will allow it to slash its tax bill by relocating to Britain.

Best places for vacation home deals

There are two big advantages to vacation life in Haines City, according to city administrator Jonathan Evans. The first is that several of the best golf courses in the nation are 30 minutes or less away. Many