Fox Business - The Power to Prosper
Search Site

Parker Hannifin

Yellen Gearing Up to Quarterback Economy

With the playbook already written and the 2014 game plan in place, Janet Yellen is poised to become quarterback of the U.S. economy.On Monday, the full Senate is scheduled to vote on Yellen's nomination to succeed Federal Reserve Chairman Ben Bernanke as head of the central bank. Her approval needs a simple majority of the Senate's 100 members and she is expected to easily surpass that.The playbook for the coming year basically consists of one play: scaling back, or tapering, the Fed's monthly bond purchases, a program known as quantitative easing.The game plan will depend on the economy. If the data continue to steadily strengthen, the Fed, as it announced last month , will gradually taper its asset purchases at intervals of $10 billion a month until the program expires later this year.The playbook seems fairly rigid. The Fed in 2013 had telegraphed for months its intention to start scaling back its easy-money policies through a gradual tapering because that method would have the leas...

Read More

  1. Parker Hannifin 3rd-Quarter Net Drops 18% on Lower Revenue

    Parker Hannifin Corp.'s (PH) fiscal third-quarter earnings tumbled 18%, amid lower sales and orders that reflect the weakness in global manufacturing.The diversified...

  2. Faulty F-35 fuel lines to be scanned in U.S. instead of Britain

    Faulty fuel lines blamed for the grounding of the Marine Corps version of the Lockheed Martin Corp F-35 fighter jet will likely undergo third-party inspections in th...

  3. Faulty manufacturing seen behind F-35B grounding

    Pentagon and industry officials said on Monday a manufacturing problem was the most likely cause of an engine failure that led to the grounding of all 25 Marine Corp...

  4. Manufacturing problem likely caused F-35B engine failure: sources

    Pentagon and industry investigators have pinpointed a manufacturing quality problem as the most likely cause of an engine failure that led to the grounding of the Ma...

  5. Pentagon, industry seek answers on issue that grounded F-35B

    Pentagon and industry officials worked through the weekend to determine what caused the failure of a fuel line on the Marine Corps version of Lockheed Martin Corp's ...

  6. Firm dollar, weak Europe crimp U.S. industrials' sales

    Four top U.S. manufacturers, including General Electric Co and Honeywell International Corp , reported weaker-than-expected sales on Friday, in a fresh warning to in...

  7. Parker Hannifin's 1st-Quarter Net Drops 19% on Lower Orders

    Parker Hannifin Corp.'s (PH) fiscal first-quarter profit dropped 19%, reflecting a sharp decline in orders during September as the company's customers reset their gr...

  8. Firm dollar, weaker Europe crimp industrials' sales

    A common theme emerged Friday as U.S. multinational manufacturers delivered a mixed bag of earnings results: Sales were stung by a robust U.S. dollar, and weaker gro...

  9. Parker -Hannifin Profit Falls, Firm Cuts Outlook

    Parker-Hannifin Corp. said on Friday that its fiscal first-quarter profit fell to $239.9 million, or $1.57 a share, from $298.2 million, or $1.91 a share a year ago....

  10. Basic Materials Sector Wrap

    During trading today, both the Basic Materials sector (XLB) and the S&P500 showed little movement.Chemtura Corporation (NYSE:CHMT) was a major gainer in the sector, ...

  11. Directv, Apache Among Stocks Down on Above-average Volume Thursday

    Here are stocks that are down on high volume today:Trading with volume of 9.1 million, or 2.1 its average daily volume, Directv (NASDAQ:DTV) saw its price drop on ab...

  12. Basic Materials Sector Wrap

    While the S&P 500 grew 0.7%, the Basic Materials sector (XLB) showed little movement during trading today.As a proxy for the sector, the ETF tracked closer to the ov...

  1. 10-12% market correction on the way?

    Global Financial CIO Chris Bertelsen on the outlook for the markets in the year ahead.

  2. Industrial Stocks Charge to Record Highs

    Data released on Friday reveals gross domestic product grew at a much faster-than-expected pace of 4.1% last quarter.  This rapid rate of growth is giving a big boos...

  3. S&P Stocks Hitting New Highs

    More than 10% of all S&P 500 stocks hit all-time highs today after the Fed announced its decision to slow its monthly bond purchases.At the close of trading today, 5...

  4. Bionic Tech Returns Motion to Paralyzed

    New intelligent bionics and exoskeletons are expected to one day help patients who haven't used their legs in decades. From the computerized Indego exoskeleton and t...

  5. Weekly Preview: Earnings Season Nears The End, China in Focus

    Economic data and central bank meetings will dominate financial news again next week as the Bank of Japan and Reserve Bank of Australia hold their monthly policy mee...

  6. Is Chasing Performance Too Risky?

    FBN’s Charles Payne on investing strategies to see long-term growth for your portfolio.

  7. Where to Invest in a Bearish Market

    Dialectic Capital head of trading Tim Strazzini on stocks to boost investors’ portfolios.

‹ Prev12Next ›
Freebase CC-BY
Source: Parker Hannifin on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL