U.S. judge signals likely approval of VW diesel buyback settlement
(Reuters) – A federal judge in San Francisco on Tuesday said he was “strongly inclined” to approve a record-setting $10.033 billion proposed buyback and compensation offer from Volkswagen AG for 475,000 owners of polluting 2.0-liter diesel vehicles.
Winklevoss brothers name State Street as bitcoin ETF administrator
NEW YORK (Reuters) – Investors Cameron and Tyler Winklevoss on Tuesday filed amendments to their proposed bitcoin exchange-traded fund, naming State Street as administrator, according to a filing with the Securities and Exchange Commission.
Massachusetts latest to bar Wells Fargo as underwriter
(Reuters) – The state of Massachusetts will stop using Wells Fargo & Co as a bond underwriter for a year, joining a growing list of state and local governments to suspend business with the bank after revelations it opened millions of unauthorized accounts.
Blackstone in the lead to acquire Team Health: sources
(Reuters) – Blackstone Group LP is the lead bidder to acquire Team Health Holdings Inc , the U.S. hospital staffing provider that has been the target of activist funds, including Jana Partners LLC, according to people familiar with the matter.
Wall St. climbs on earnings improvement
NEW YORK (Reuters) – Wall Street advanced on Tuesday to give the S&P 500 its best day this month on the heels of solid earnings reports from names such as UnitedHealth and Netflix that put corporate profits on track to snap a four-quarter streak of declines.
Equities trading stings Wall Street banks as investors embrace bonds
(Reuters) – In a reversal of fortune for Wall Street banks that have invested heavily in equities trading, clients flocked back to bonds last quarter and left stocks behind.
BlackRock CEO sees ‘hostile’ climate as index funds reel in cash
NEW YORK (Reuters) – BlackRock Inc , the world’s largest asset manager, reported better-than-expected quarterly profits on Tuesday, showing resilience in what has been a punishing market for fund managers.
S&P 500 earnings now expected to show growth for third quarter
NEW YORK (Reuters) – S&P 500 earnings are now expected have increased slightly in the third quarter, reversing forecasts for another quarter of profit declines, Thomson Reuters data showed.
J&J shares lose ground on fears of Pfizer’s answer to Remicade
(Reuters) – Booming pharmaceutical sales drove strong quarterly results for Johnson & Johnson , but the company’s shares fell more than 2 percent on worries that its blockbuster Remicade arthritis drug would soon face cheaper competition.
Goldman Sachs profit soars on bond trading and curtailed costs
(Reuters) – Goldman Sachs Group Inc reported a 58 percent jump in third-quarter profit on Tuesday as bond trading rebounded and the Wall Street bank managed to keep a lid on expenses.
