2013年10月25日星期五

Wall Street's year looks dinged by Washington

NEW YORK, Oct.louis vuitton handbags 22 (UPI) -- New York state Comptroller Thomas DiNapoli said gridlock in Washington and monetary policy are changing the state's financial picture."Failure to resolve the federal budget and debt ceiling impasse could disrupt the economy and hurt New York City and New York state," DiNapoli said in a report issued Tuesday.Wall Street earnings reached $10.1 billion in the first half of 2013 and looked ready to keep up with 2012, which was the third most profitable year on record, The New York Times reported.louis vuitton online storeNew York state earned $3.8 billion in taxes from Wall Street in 2012, which contrasted sharply with 2007 and 2008 when securities firms posted record losses, the Times said.But two major developments in Washington have threatened Wall Street earnings. Besides the budget debacle in October and the default scare that ended with an 11th hour compromise on the debt ceiling, the U.handbags and walletsS. Federal Reserve's relatively open debate about ending an $85 billion per month asset purchasing program prompted a rise in interest rates, which slowed the housing market recovery and investments in general, analysts said.Wall Street's reaction is telling. Financial industry employment is down 13.gucci messenger bag5 percent from 2007, but compensation has reached an average of $360,700, higher than any year before the financial crisis except one, the Times said."There are going to be haves and have-nots this year," said Brad Hintz, a financial industry analyst at Sanford C. Bernstein. And the third quarter may reshape those expectations, as well.louis vuitton purse Fixed income trading revenue fell sharply in the third quarter at Citigroup, JPMorgan Chase, Goldman Sachs and Morgan Stanley, the newspaper reported.
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Warner Bros. says store infringes on Harry Potter brand

LOS ANGELES, Oct.louis vuitton monogram 22 (UPI) -- Wands and other wizard paraphernalia at a store in Los Angeles step on the toes of Harry Potter merchandising rights owned by Warner Bros., court papers say.Even the store's name, Whimsic Alley, is reminiscent of the Harry Potter franchise, many of the rights to which are owned by the entertainment giant, the Los Angeles Times reported Tuesday.The store is owned by Stanley Goldin, who already settled a trademark dispute with Warner Bros.chanel handbags for selling similar items. In that settlement, Goldin agreed to refrain from selling items that bore the "Harry Potter" trademark or were "confusingly similar" to the brand, the Times said.But Goldin has jumped back into the wizard's world, the Times said, drawing attention to his business with the offer of a Wizard's Cruise, which sets sail in November on a Princess Cruises ship, the newspaper said. "They can say, 'You did this once before, and now you are crossing the line once again.louis vuitton purse for sale I understand why Warner Bros. is upset," attorney Allen Grodsky, an intellectual property expert, told the Times."This guy is getting as close to the line as possible and maybe crosses it," said Grodsky, who conceded Warner Bros. would not be hurt much by one store but could be hurt if many stores took similar liberties with their trademark properties.louis vuitton speedyWhimsic Alley "isn't going to hurt them that much, but if this guy is going to be allowed to do this, then anybody can do it," Grodsky said.The lawsuit was filed in U.S. District Court in Los Angeles.louis vuitton paris A trial is scheduled to start in January, the Times said.
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Crude oil slips to less than $98

NEW YORK, Oct.handbags new 22 (UPI) -- Crude oil prices dropped to less than $98 per barrel Tuesday in New York after the Labor Department said the unemployment rate dropped to 7.2 percent.Following a 17-day U.S.louis vuitton monogram government shutdown of non-essential services, the Labor Department's report, which was originally set for an Oct. 4 release, was the first major economic report to be released since the government went back to work.The jobs added for the month -- 148,000 -- were less than expected, prompting investors to conclude the U.S.louis vuitton wallet for sale Federal Reserve would have reason to continue with its $85 billion per month asset purchasing program.On the New York Mercantile Exchange, West Texas Intermediate crude oil gave up $1.42 cents to $97.80 per barrel.louis vuitton belt Reformulated blendstock gasoline prices shed 3.43 cents to $2.6195 per gallon. Home heating oil lost 1.louis vuitton speedy36 cents to $2.997 per gallon. Natural gas was off 7 cents to $3.59 per million British thermal units.louis vuitton wallet for saleAt the pump, the national average price of unleaded gasoline dropped to $3.344 per gallon from Monday's $3.349, AAA's Daily Fuel Gauge Report said.
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Bad news boosts stocks

NEW YORK, Oct.chanel bags online 22 (UPI) -- U.S. stocks rose Tuesday after a disappointing employment situation report was viewed as cause for the Federal Reserve to keep its easy money policies intact.The Fed has been the focus of investor strategies since June -- more so, that is, than normal -- when the central bank's Chairman Ben Bernanke suggested it was time to consider pulling back on the bank's $85 billion asset purchasing program.louis vuitton parisSince then, negative economic reports have been greeted with a flurry of optimism on Wall Street, as a slow recovery was viewed as a reason for the Fed to maintain its accommodating policies.The Labor Department said Tuesday that 148,000 jobs were added to the economy in September, fewer than the 181,000 per month average of the past eight months.On Tuesday, the Dow Jones industrial average added 75.46 points, or 0.lv handbag49 percent, to 15,467.46. The Standard & Poor's 500 index closed at a record 1,754.67 on a gain of 10.gucci messenger bag01 points, or 0.57 percent. The Nasdaq composite index of tech-dominated stocks added 9.52 points, or 0.handbags and wallets24 percent, to 3,929.57.In Asia, the Nikkei 225 index in Tokyo added 0.13 percent to reach 14,713.lv handbag25. The Hang Seng index in Hong Kong shed 0.52 percent to 23,315.99.louis vuitton handbag The Shanghai composite index in China lost 0.83 percent to 2,210.65.In Europe, Germany's DAX index added 0.louis vuitton wallet for sale9 percent to close at a record 8,947.46. The CAC 40 in France added 0.43 percent to 4,295.handbags new43. In London, the FTSE 100 index gained 0.62 percent to 6,695.66.handbags and walletsOn the New York Stock Exchange, 2,257 issues advanced while 836 declined on volume of 3.8 billion shares traded.On currency markets, the euro fell to $1.3782 and the dollar fell 98.louis vuitton speedy14 yen. On the Comex division of the New York Mercantile Exchange, gold added $24.20 to $1,340 per troy ounce while silver gained 42.7 cents to $22.buy louis vuitton bags71 per ounce.Ten-year benchmark Treasuries rose 26/32 to yield 2.515 percent.On the Chicago Board of Trade, corn for December delivery lost 6 cents to $4.louis vuitton monogram38 per bushel. November contract soybeans lost 3 1/4 cents to $13. Wheat for December added 1 1/4 to $7.01.louis vuitton wallet for sale
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