Month: June 2013

US rate on 30-year mortgage falls to 3.93 pct.. Bernanke: Fed May Slow Stimulus. Stock futures drop in wake of Fed’s stimulus-tapering outline

Weekly US jobless aid applications rise to 354K. Lending in China Chills as Borrowing Costs Spike. Rite Aid Posts Third Straight Quarterly Profit

With the rupee dipping to an unprecedented low level on Thursday, Chief Economic Advisor to the Finance Ministry Raghuram Rajan said that the government is ready to take steps to curb volatility.

Icahn reiterates commitment for Dell buy. Mortgage Monitor: “It’s better than it was. It’s not as good as it needs to be”. Dish steps down from Sprint merger to clear way for Clearwire

Banks fall short in helping struggling homeowners. Protesters out again in Brazilian cities. Confessed killer says did not dictate deal to turn on ‘Whitey’ Bulger

Tesla recalls some Model S vehicles due to seat-mount defect. Sony spin-off plan off the agenda but on the radar at shareholder meeting. Mortgage Monitor: “It’s better than it was. It’s not as good as it needs to be”

Chinese Company Buys Smithfield Foods with Giant Merger Profits. Facebook reaches 1 million active advertisers. Duke Energy turns to insider to succeed CEO Rogers. U.S. court lets Ex-Im Bank loan for Air India stand. Icahn seeks to allay fears over lack of financing for Dell bid

Dish steps down from Sprint merger to clear way for Clearwire. Icahn Seeks to Allay Fears Over Lack of Financing for Dell Bid. U.S. court lets stand Ex-Im Bank loan for Air India

Taco Bell Jumps on Protein Craze With Menu Test. Google Asks FISA Court to Lift Gag Order. Adobe Systems Profit Beats Expectations as Creative Cloud Subscriptions Grow. Public Seeks Clarity From Bernanke. Icahn Seeks to Allay Fears Over Lack of Financing for Dell Bid

Summary: Stocks stage back-to-back rally as confidence grows in Fed buying; Inflation heats up a little; New home construction slower than thought; Icahn says found Dell financing; Sprint sues Dish. Conway G. Gittens reports.