Maya Angelou's art collection is headed to New York auction
NEW YORK (AP) — The art collection of celebrated writer and civil rights activist Maya Angelou is heading to auction this month.
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Stocks trim losses, Facebook vs. eBay and ad block battle
Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
G20 promises transparency on rate moves as global economy disappoints
World financial leaders will agree to calibrate and communicate monetary policy carefully to avoid triggering capital flight, but will not call an expected U.S. rate rise a risk to growth, a draft communique showed on Friday. Many emerging market economies are concerned that when the U.S. Federal Reserve raises borrowing costs, investors will withdraw from other markets and buy dollar assets, weakening other currencies and creating turbulence as capital flees.
S&P plunges 1.5%, briefly back in correction; Dow falls 275 after jobs
U.S. stocks opened sharply lower as investors digested a key jobs report that could provide the Fed with enough support to raise rates.
U.S. labor market shows some muscle despite slower job growth
U.S. job growth slowed in August, but the unemployment rate dropped to a near 7-1/2-year low and wages accelerated, keeping alive prospects of a Federal Reserve interest rate hike later this month. Nonfarm payrolls increased 173,000 last month after an upwardly revised gain of 245,000 in July, the Labor Department said on Friday. August’s gain was the smallest in five months as the factory sector lost the most jobs since
BlackBerry to buy rival Good Technology for $425 million
Canada’s BlackBerry Ltd (BB.TO) said on Friday it will buy rival mobile software provider Good Technology Corp (GDTC.O) for $425 million, to boost its ability to help corporate clients manage smartphones running on different operating systems. The cash deal may help BlackBerry, a one-time smartphone pioneer, win new customers for its services business, a priority as it shifts focus to device management software for enterprise customers. More than half the
Mall developer Taubman's $500 million art collection up for auction
Works by Pablo Picasso, Jackson Pollock and Amedeo Modigliani are going up for auction from the late U.S. mall developer A. Alfred Taubman’s collection, which is valued at more than $500 million, Sotheby’s said on Friday. The auction house said the more than 500 works stretching from antiquity to contemporary art make up the most valuable private collection ever offered at auction. The collection will be auctioned in New York
Lacker: It's Time for Fed to End Era of Zero Interest Rates
Federal Reserve Bank of Richmond President Jeffrey Lacker said it’s time for the central bank to end the era of record-low interest rates, now that the impacts from winter weather and energy prices have passed. “I am not arguing that the economy is perfect, but nor is it on the ropes, requiring zero interest rates to get it back into the ring,” Lacker said in the text of a speech
Obama Gains Leverage on Saudis as U.S. Oil Dependence Declines
The U.S.-Saudi relationship isn’t what it used to be. The U.S. needs a lot less of it from Saudi Arabia than it once did. Saudi Arabia isn’t the powerhouse it was when the U.S. and its gas-guzzling cars and industry demanded more and more imported crude.
Fired regulator: Brown pushed to waive oil safeguards.
California’s top oil and gas regulators repeatedly warned Gov. Jerry Brown’s senior aides in 2011 that the governor’s orders to override key safeguards in granting oil industry permits would violate state …