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Market News

Location American Market News for 1 June 2013

Pedrosa snatches pole at Mugello

CNN - 1 Jun 2013 20:12
Championship leader Dani Pedrosa claims his first pole position this season after stunning MotoGP titleholder Jorge Lorenzo with a scorching late lap at Mugello.
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Pirelli admits testing 'inadequacies'

CNN - 1 Jun 2013 20:10
Formula 1's sole tire suppliers Pirelli -- whose products came in for yet more criticism during Sunday's stop-start Spanish Grand Prix -- have admitted that some of the testing they conduct on their tires is "inadequate"...
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'Virtual' Currencies Draw State Scrutiny

Wall Street Journal - 1 Jun 2013 05:01
State banking regulators are scrutinizing companies that let people buy and sell virtual currencies such as bitcoin, and some are looking at requiring costly licenses.
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Goldman Sachs, Former Trader Fined

Wall Street Journal - 1 Jun 2013 02:46
CME fined Goldman Sachs and Glenn Hadden, a former partner and top trader at the securities firm, over Treasury futures trades he executed more than four years ago.
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Asian Buyers Shun U.S. Wheat

Wall Street Journal - 1 Jun 2013 02:35
Ripple effects from the recent discovery of genetically altered wheat in Oregon spread around the world on Friday, as big buyers of U.S. wheat took steps to protect their food supplies.
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Pimco Fund Hit by Treasury Selloff

Wall Street Journal - 1 Jun 2013 01:28
The selloff in U.S. Treasury bonds is pushing Bill Gross's Pimco Total Return fund toward its worst monthly loss since the financial crisis.
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