MONEY (MSM)

Valeant shares tumble 20 percent, retrace ground to 2013 levels

Valeant Pharmaceuticals International Inc (VRX.TO)(VRX.N) shares fell as much as 20 percent on Thursday, building on weeks of steep losses over concerns about its ties to specialty pharmacy Philidor Rx Services, which is accused of improperly boosting sales of Valeant drugs. Valeant’s U.S.-traded shares hit their lowest since May 2013, falling as low as $73.37. The Wall Street Journal published a story on Thursday detailing the thinking of one of

U.S. jobless claims post largest increase since February

New U.S. applications for unemployment benefits last week recorded their largest increase in eight months, but remained at levels consistent with a fairly healthy labor market. Initial claims for state unemployment benefits rose 16,000 to a seasonally adjusted 276,000 for the week ended Oct.31, the Labor Department said on Thursday. A Labor Department analyst said there were no special factors influencing the data.

Apple opens subsidiary in Vietnam, tapping smartphone growth

Apple Inc has opened a subsidiary company in Vietnam, allowing the maker of iPhones to import and distribute cellphones directly in one of the fastest growing smartphone markets in the Asia-Pacific. Apple Vietnam Limited Liability was established on Oct. 28 with a registered capital of 15 billion dong ($672,194), according to a news announcement recorded on Vietnam’s national business registry website seen by Reuters on Thursday. The Ho Chi Minh

U.S. stocks down, yields up after Yellen boosts rate hike expectations

Wall Street stocks, unable to follow a rally in European and Asian stocks on Wednesday, fell further after Federal Reserve Chair Janet Yellen said the U.S. economy is “performing well” and could justify an interest rate hike in December. The U.S. dollar and U.S. Treasury yields moved higher after Yellen’s comments, building on a rise that followed earlier data showing stronger-than-expected private-sector U.S. job growth. Yellen told Congress the Fed

U.S. stocks down, yields up after Yellen boosts rate hike expectations

Wall Street stocks, unable to follow a rally in European and Asian stocks on Wednesday, fell further after Federal Reserve Chair Janet Yellen said the U.S. economy is “performing well” and could justify an interest rate hike in December. The U.S. dollar and U.S. Treasury yields moved higher after Yellen’s comments, building on a rise that followed earlier data showing stronger-than-expected private-sector U.S. job growth. Yellen told Congress the Fed

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Is The Price Of Gold Set To Skyrocket?

After another wild week of trading in global markets, today King World News is pleased to share the following piece from Kevin Wides out of Switzerland. Kevin put together the following chart and commentary exclusively for KWN readers which shows that gold may be set to skyrocket.

Is This The Greatest Invention Since The Telephone?

Is This The Greatest Invention Since The Telephone? – A world where there are no more language barriers might not be too far away – online, at least. This comany has now released the beta version of its live translation tool, allowing people to speak to others in another language – even if they don’t know what they’re saying. The tool translates speech instantly, providing both text and spoken translations…

Catastrophic Dollar Collapse & Nearly 600 Other Failed Paper Currencies

The Dollar Is Headed For Collapse – Nearly 600 Other Failed Paper Currencies – For centuries, the British Pound was the world’s reserve currency, because it was consider to be the strongest of all currencies. That is no longer the case; shortly after World War II economically devastated the British Empire, the pound retreated as the world’s reserve currency and the U.S. dollar took its place.