Traders see remote chance of Fed rate hike this week
NEW YORK (Reuters) – Traders on Monday placed a low probability the Federal Reserve would raise interest rates at its policy meeting later this week amid mixed economic data and ahead of the U.S. presidential election, according to interest rates futur…
U.S. consumer spending ends third-quarter with strong momentum
WASHINGTON (Reuters) – U.S. consumer spending rose more than expected in September as households boosted purchases of motor vehicles and inflation increased steadily, which could bolster expectations of an interest rate hike from the Federal Reserve in…
EU ethics committee clears Barroso of wrongdoing over Goldman job
BRUSSELS (Reuters) – An EU ethics committee has cleared former European Commission chief Jose Manuel Barroso of breaking rules by taking a job at Goldman Sachs but said he did not show the “considerate judgment” one would expect from someone of his sta…
Atlanta Fed sees U.S. economy seen expanding at 2.7 percent
NEW YORK (Reuters) – The U.S. economy is on track to grow at a 2.7 percent annualized pace in the fourth quarter, the Atlanta Federal Reserve’s GDP Now forecast model showed on Monday.
Big Fidelity investor in Wells Fargo trimmed position in September
BOSTON (Reuters) – Fidelity Contrafund, one of the largest investors in Wells Fargo & Co , reduced its stake in the scandal-hit bank by 5 percent in September, according to the fund’s latest holdings report.
Performance Sports files for bankruptcy; rescue deal on table
(Reuters) – Performance Sports Group Ltd , the maker of Bauer ice hockey gear, said on Monday it had filed for bankruptcy protection in the United States and Canada to facilitate a restructuring and sale of almost all of its assets.
Dollar shakes off Clinton FBI probe, global stocks stay shaky
LONDON (Reuters) – The dollar steadied but stock markets remained wobbly on Monday after news the FBI was investigating more emails linked to Hillary Clinton’s use of a private server while she was secretary of state.
Blackstone to buy TeamHealth in $6.1 billion deal
(Reuters) – TeamHealth Holdings Inc said on Monday it agreed to be bought by private equity firm Blackstone Group LP in a deal valued at about $6.1 billion.
Alibaba boosts entertainment business with 10 billion yuan fund
BEIJING (Reuters) – In a major reorganization of the company’s entertainment assets, Alibaba Holdings Group Ltd. has announced the formation of a new digital media group along with plans for a 10 billion yuan ($1.48 billion) fund for new projects.
MGM Resorts ready to bet up to $10 billion on Japan casino, possibly via REIT
TOKYO (Reuters) – Las Vegas-based MGM Resorts International could plow almost $10 billion into a Japanese casino via a publicly traded real estate investment trust, its chief executive said on Monday, as Tokyo inches closer to legalizing the industry….
