SEC, ‘Diva of Distressed’ Tilton face off in fraud trial
NEW YORK (Reuters) – A lawyer for financier Lynn Tilton on Monday blasted U.S. Securities and Exchange Commission charges that she defrauded investors in three debt funds as “ludicrous,” as the agency sought to bar her from the financial industry.
S&P hits two-week high on strong earnings; M&A supports
NEW YORK – (Reuters) – The S&P 500 hit a two-week high on Monday on the back of strong earnings, while a flurry of acquisitions indicated corporate America continues to see untapped value in the market.
TD Ameritrade faces scrutiny over Scottrade purchase
(Reuters) – TD Ameritrade has agreed to buy Scottrade for $2.7 billion in a deal that would bring together two of the biggest U.S. discount brokerages, but is expected to face scrutiny from regulators.
Toyota again leads U.S. auto reliability survey, Buick surprises
DETROIT (Reuters) – Two Toyota Motor Corp brands again led the annual reliability survey from Consumer Reports magazine, and General Motors Co’s Buick was the first American brand in at least 35 years to crack the top three, the consumer magazine sai…
EU, Canada still hope to sign trade deal after Belgian ‘Non’
BRUSSELS (Reuters) – Belgium declared on Monday that it could not formally back a free trade deal between the European Union and Canada because of an internal Belgian dispute, but the two sides still appeared to be holding out hopes of a summit to sign…
Fed needs to get to inflation goal sooner: Evans
CHICAGO (Reuters) – The Federal Reserve may need to keep interest rates lower for longer to convince investors and the public that the central bank is serious about reaching its 2-percent inflation target, Chicago Federal Reserve Bank President Charles…
White pushes bigger SEC role in regulating U.S. Treasuries
NEW YORK (Reuters) – The Securities and Exchange Commission should play a bigger role in regulating the market for U.S. Treasuries, the head of the SEC said on Monday in what appeared to be a push for a bigger role for her agency in a market largely ov…
Deadline extended for Google to respond to EU’s AdSense complaint
BRUSSELS (Reuters) – Alphabet unit Google has been given an extra week to formally respond to allegations by the European Commission that it was blocking rivals in online search advertising, a move likely to delay a regulatory decision on the case unti…
CFTC regulator says open to narrowing automatic trading rule
WASHINGTON (Reuters) – Timothy Massad, the chair of the Commodities and Futures Trading Commission, on Monday said he was willing to narrow a proposal that would govern automated trading.
Fannie Mae streamlines U.S. mortgage underwriting
NEW YORK (Reuters) – Fannie Mae said on Monday it has launched a program to streamline its underwriting on mortgages for some borrowers that uses electronic data instead of physical proof of their income, assets and employment.
