Tech lift to productivity overlooked? The Fed doesn’t think so
SAN FRANCISCO(Reuters) – Steve Gutmann used to have a basement that he never used. His Honda Civic sat idle in front of his Portland, Ore. house. 
As oil falls below $50, analysts eye ‘mid-price’ era
SINGAPORE (Reuters) – A slump in oil below $50 a barrel – a level it has held above for most of the past decade – has raised the prospect of a new era of lower prices, although a return to super-cheap oil seems unlikely.
With final defendant, Madoff criminal case comes to an end
NEW YORK (Reuters) – In 1964, Irwin Lipkin became one of the first employees at a small New York trading firm called Bernard L. Madoff Investment Securities.
AIG profit beats estimates, boosts buyback by $5 billion
(Reuters) – American International Group Inc , the largest commercial insurer in the United States and Canada, reported a quarterly operating profit that breezed past analysts’ estimates, and boosted its share buyback by up to $5 billion.
See no risks posed by expected Fed, BOE rate hikes: BOJ’s Iwata
TOKYO (Reuters) – Bank of Japan Deputy Governor Kikuo Iwata on Tuesday played down any risk that expected interest rate increases by the U.S. Federal Reserve or the Bank of England could pose to financial markets, and dismissed suggestions that the BOJ…
AIG profit beats estimates, boosts buyback by $5 bln
(Reuters) – American International Group Inc , the largest commercial insurer in the United States and Canada, reported a quarterly operating profit that breezed past analysts’ estimates, and boosted its share buyback by up to $5 billion.
Exclusive: Petrobras drags heels on Brazil fuel-price policy – sources
RIO DE JANEIRO (Reuters) – Brazil’s state-run oil company, Petrobras, has failed to present its board of directors with a promised plan to bring domestic fuel prices in line with world levels, three sources with direct knowledge of the situation told R…
U.S. Dept of Justice initiates criminal probe against Deutsche Bank: Bloomberg
(Reuters) – The United States Department of Justice is investigating trades worth billions of dollars that Germany’s Deutsche Bank AG made on behalf of its Russian clients, Bloomberg reported, citing people familiar with the matter.
New U.S. airline group backs Gulf carriers in Open Skies dispute
(Reuters) – A challenge by U.S. airlines that accuses three Gulf carriers of distorting competition via government subsidies took another turn on Monday with the formation of a U.S. airline group that backs the Gulf-carriers’ cause.
Weak oil prices, China worries drag Wall Street lower
(Reuters) – Wall Street ended lower on Monday as tumbling oil prices dragged energy shares to a three-year low and factory data from China raised concerns about the world’s second-biggest economy.
