A second Fed official says wants to pare asset purchases
LANCASTER, Pennsylvania (Reuters) – A second Federal Reserve policymaker is calling on the U.S. central bank to begin tapering the amount of bonds it is buying. Philadelphia Fed President Charles Plosser said on Wednesday the benefits of the so-called quantitative easing program, which snaps up $85 billion in assets per month to promote investment and economic growth, are “meager” and outweighed by the potential costs of such aggressive policy easing. …
http://news.yahoo.com/second-fed-official-says-wants-pare-asset-purchases-140618567–business.html
Dell’s Special Committee Defends Sale of Company
A special committee of Dell Inc’s board of directors said the pending sale of the PC maker was the best alternative for shareholders, despite opposition from its largest outside shareholder.
http://us.rd.yahoo.com/finance/news/rss/story/SIG=14re3rg5m/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/SIG=12osmc144/*http%3A//finance.yahoo.com/news/dells-special-committee-recommends-sale-131716296.html?l=1
J.C. Penney Board Said To Consider Sale Later This Year; Wall Street Bull Slashes Outlook
J.C. Penney’s board is reportedly mulling a sale or firing new CEO Ron Johnson if the plunge in sales doesn’t turnaround, casting fresh gloom on the company.
http://www.forbes.com/sites/abrambrown/2013/03/06/j-c-penney-board-said-to-consider-sale-later-this-year-wall-street-bull-slashes-outlook/
US stock market isn’t the only one racing ahead
U.S. stocks are not alone in racing ahead this year. Many markets in Europe and Asia are trading at multi-year highs, too, in part because of Wall Street’s rally.The advances in some places have been surprising, …
http://us.rd.yahoo.com/finance/news/rss/story/SIG=14duh168u/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/SIG=12a3mpeob/*http%3A//finance.yahoo.com/news/us-stock-market-isnt-only-214342587.html?l=1