Today's Top Stories - September 15, 2014 

 

BEWARE THE BELL! Wall Street looked set for a lower open on today, ahead of the Federal Reserve's policy decision on Wednesday More

EUROPE: European shares were lower in morning trade on Monday with sentiment curbed due to concerns over the Chinese economy and the upcoming U.S. Federal Reserve policy meeting this week More

ASIA: Asian stock markets were mostly lower on Monday following weak Chinese data while overall trading volumes were light with Japan closed for a holiday More

OIL: Brent crude slumped to a more than two-year low under $97 per barrel on Monday as a slew of lackluster economic data from China, the world's top energy consumer, cast a shadow on the outlook for oil demand amid abundant global supplies More

U.S. offshore drilling to suffer; due to weak demand and a flood of new vessels, even though a few places such as Mexico and Brazil remain promising for exploration. Day rates for the most advanced ultra-deepwater rigs peaked around $650,000 last year and are now down in a range of $375,000-$500,000, though contracting activity by oil firms has slowed to a trickle, making it hard to establish the actual market rate More

GOLD: Gold edged higher on Monday as Asian equities tumbled but the metal continued to struggle near an eight-month low due to weak physical demand and fears the Federal Reserve may signal an early interest rate increase at this week's policy meeting More

ADIOS AMERIKA! Corporate America Heads for the Exits Establishing headquarters in foreign countries to avoid the worlds highest corporate tax rate, and a tax system that most people agree is outdated and in urgent need of drastic reform at a time when Congress is too divided to fix it More

RadioShack plunges after brokerage cuts price target to $0; Troubled electronics retailer RadioShack Corp's shares have lost nearly a third of their value since brokerage Wedbush Securities said on Tuesday the company could file for bankruptcy soon, making the stock worthless by the end of this year More

Nissan faces battery plant cuts as electric car hopes fade: A decision on the Nissan battery plants in Sunderland, England, and Smyrna, Tennessee, is due next month, the sources said, following a tense procurement review with 43.4 percent shareholder Renault, the smaller but senior partner in their 15-year-old alliance. More

UK grocer Morrisons sees profit plunge 51% Britain's fourth-largest grocer saw its underlying pre-tax profit for the first six months of this year plunge 51 percent as it continues to struggle in the middle ground between budget and high-end retailers More

New Study Finds New York Growth in Millionaires Slowest in the Nation More

Obama's War: Billions in Failed Programs Wasted in Afghanistan, says Special U.S. Inspector General for Afghanistan - $120 Billion reconstruction investment there at risk - “The country remains under assault by insurgents and is short of domestic revenue, plagued by corruption, afflicted by criminal elements involved in opium and smuggling, and struggling to execute the basic functions of government” More

Crony Capitalism Has Deep Roots The Export-Import Bank and The Trouble with the Republican Party: COMMENTARY More

We're Number 32! A new global index highlights the harm from the U.S. tax code More

Markets await Scottish vote—‘be very much concerned;’ On Thursday, Scotland will take to the polls to determine whether it wants to break off from the United Kingdom. And while even a vote in favor would simply be the beginning of a long and extremely complex process, all of a sudden, markets are paying rapt attention to the potential outcome More

OECD cuts US growth forecast, warns on risk assets A stuttering recovery in the U.S. and the continued fragility of the euro zone means that risk assets are "mispriced," the OECD has warned More


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