HomeYahoo Business Headlines – U.S. Treasury, United States, Scott King, Smithfield Foods Inc., Paul TucBusinessYahoo Business Headlines – U.S. Treasury, United States, Scott King, Smithfield Foods Inc., Paul Tuc

Yahoo Business Headlines – U.S. Treasury, United States, Scott King, Smithfield Foods Inc., Paul Tuc

Foreigners flee from U.S. government bonds in April: Treasury
Foreign investors dumped U.S. government debt in April and were net sellers of all long-dated U.S. securities for the third consecutive month, the U.S. Treasury said.

European growth still on US agenda, not as loudly
The European Union’s crisis is no longer perceived as an urgent threat to the global economy, and while the U.S. still wants Europe to temper the debt trimming and increase global demand, President Barack Obama is not expected to be as insistent as in the past with other leaders of the Group of Eight industrial nations when they meet in Northern Ireland.

US stocks edge lower at end of a volatile week
Stocks edged lower in the early going on Wall Street as trading quieted down at the end of a turbulent week.

Smithfield Foods’ 4Q profit falls 63 percent
Pork producer Smithfield Foods’ profit sank nearly 63 percent in the fourth quarter as feed costs rose even as consumers resist price hikes, hog prices fell and its exports to China and Russia declined.

Bank of England’s Tucker to leave after losing out to Carney
Bank of England Deputy Governor Paul Tucker, who lost out on the bank’s top job to Canadian Mark Carney, will leave the BoE probably later this year. The central bank said in a statement that Tucker is likely to stay on for the first months of Carney’s term, which starts on July 1, and the exact date of his departure will be confirmed in due course



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