Fed official: rules for ‘too big to fail’ insurance firms coming soon

Federal Reserve Board of Governors member Daniel Tarullo speaks during an open board meeting at the Federal Reserve in WashingtonThe Federal Reserve will soon take up rules covering prudential standards and liquidity for insurance companies deemed "too big to fail" in hopes of heading off risks to financial stability, Fed Governor Daniel Tarullo said on Friday. In the coming weeks, it will also propose capital requirements for insurance firms it regulates, with separate tracks for the handful of companies designated as "systemically important" and for smaller holding companies that own banks. Under the Dodd-Frank Wall Street reform law, federal regulators can determine that non-bank companies such as American International Group Inc could put the entire financial system in danger if they fail, and require certain measures, such as holding more capital, to stave off threats to the country's financial stability.

Bosses take bigger share of top British firms’ profits

BP's Chief Executive Bob Dudley speaks to the media after year-end results were announced at the energy company's headquarters in LondonThe average pay for chief executives of a company in the blue chip FTSE 100 index was 5.23 million pounds ($7.6 million)last year, down from 5.36 million in 2014, a Reuters examination of corporate filings shows. In 2005, CEO compensation, including pensions and share awards, was just 0.1 percent of pre-tax earnings, the Reuters analysis of annual reports over the period shows. Rapid growth in executive pay has long drawn criticism from some politicians and media headlines denouncing corporate "fat cats".

4 Ways Sleeping Naked Makes You Healthier and Wealthier

4 Ways Sleeping Naked Makes You Healthier and WealthierWhat if I told you in just 10 seconds a day, you can sleep better, make more money, reduce stress, and lose weight? Sleeping naked can do all these things and more. All you have to do is take off your clothes. While there are countless strategies floating around out there to help you improve in these areas, none is as simple–and many are less…

Networking Is a Waste of Time, Instead Do This…

Build Strategic Social Capital and Leverage the Hell Out of ItNetworking in the traditional sense is a waste of time and energy. So just stop. This is one of those “skills” in business everyone tells us we’re supposed to do all the time if we are to uncover success. That is complete and utter b**sh*t. Instead focus your efforts on building…

Oil eases further below $50 on oversupply, China concern

A petro-industrial factory is reflected in a traffic mirror in Kawasaki near TokyoOil eased further below $50 a barrel on Wednesday, falling for a third day, on concern a supply glut will persist and demand slow down as economic growth moderates in No. 2 consumer China. The International Energy Agency (IEA) said on Tuesday the oil market would remain oversupplied in 2016. “Prices should remain low,” said Daniel Ang, an investment analyst at Phillip Futures.

Drought woes in California town highlight thirsty poultry industry

A water protest sign is seen near BakersfieldLIVINGSTON, CALIF/CHICAGO (Reuters) – Residents of Livingston, California have sharply reduced their water usage during the state’s severe drought, now in its fourth year. Responsibility for the poor showing, city officials said, lies with Livingston's biggest water user, Foster Farms, the largest poultry producer west of the Rocky Mountains. The company’s sprawling chicken processing complex employs about 3,200 people and is the backbone of Livingston’s economy.

Tattoo-like electronic health patches are now easy to make

However much you like the idea of a wearable electronic patch monitoring (or improving) your health, it’s not all that practical. Making just one patch using current tech can take days, and you’d better …

Volatility seen lingering no matter what the Fed does

Federal Reserve building in WashingtonWhile investors, traders and forecasters may be on the fence as to whether the Fed pulls the trigger this week on the first U.S. interest rate hike in nearly a decade, Wall Street's "smart money" is decisive on one thing: market volatility will linger. Heading into Thursday's potentially momentous decision on interest rates from the Federal Open Market Committee, the Federal Reserve's monetary policy-setting panel, speculative positions in CBOE VIX index futures are the most net long on record. To this crowd of hedge funds and other big speculators, it really doesn't matter what the Fed does.

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Asian shares, U.S. bond yields rise ahead of Fed rate decision

A pedestrian looks at an electronic board showing the graph of the recent fluctuations of market indices of ,Japan's Nikkei average, Dow Jones and NASDAQ outside a brokerage in TokyoBy Hideyuki Sano and Nichola Saminather TOKYO (Reuters) – Asian shares followed Wall Street higher on Wednesday, albeit in thin volume, and short-term U.S. bond yields held near 4 1/2-year highs as investors braced for the possibility of the first interest rate hike in the United States in almost a decade. European markets are poised to follow suit, with financial spreadbetters expecting Britain's FTSE 100 and France's CAC 40 to open up 0.3-0.4 percent and Germany's DAX 0.6 percent higher. Markets remained in a state of flux on the likelihood of a rate increase by the Fed at its two-day meeting starting later in the day, and U.S. economic data published on Tuesday did little to either back, or douse, expectations of one.

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