Federal Reserve releases scenarios for 2016 bank stress tests
WASHINGTON (Reuters) – Large financial firms will have to show how they would survive a “severely adverse scenario”, including a global recession where U.S. unemployment shoots up to 10 percent and short-term U.S. Treasuries pay negative yields, in thi…
NYSE calls for coordination among exchanges to ease volatility
NEW YORK (Reuters) – The New York Stock Exchange on Thursday recommended reforms to the U.S. equities market which it said could improve stability and prevent a repeat of the wild price swings seen on Aug. 24 during a near-unprecedented bout of volatil…
Facebook ‘likes’ push Wall Street higher
(Reuters) – Wall Street climbed on Thursday as a blockbuster quarterly report from Facebook drove tech shares higher and a bounce in oil prices propped up the beleaguered energy sector.
Facebook shares jump 15.5 percent after strong results
(Reuters) – Facebook Inc shares surged 15.5 percent on Thursday, their biggest percentage increase since July 2013, after the social networking service posted quarterly results that blew away expectations on every key measure.
Viacom’s Redstone to undergo mental exam on Friday
LOS ANGELES (Reuters) – Viacom Inc Executive Chairman Sumner Redstone will undergo an examination on Friday by a doctor hired by an ex-girlfriend in a lawsuit that challenges his mental competency, a spokesman for the former girlfriend said.
Fix stock market rules before admitting IEX: Nasdaq CEO
NEW YORK (Reuters) – Regulators should overhaul decade-old rules that govern the U.S. stock market before allowing upstart venue IEX Group to become a fully-fledged exchange, Bob Greifeld, head of Nasdaq Inc , said on Thursday.
Exclusive: Brookfield mulls buying mall operator General Growth – sources
(Reuters) – Brookfield Asset Management Inc has been exploring an acquisition in recent months of General Growth Properties Inc (GGP) , the U.S. mall operator with a market value of $24 billion, according to people familiar with the matter.
Ford Motor earnings beat forecast, stock off after margin warning
DEARBORN, Mich. (Reuters) – Ford Motor Co’s fourth-quarter earnings beat Wall Street expectations and the company reiterated a forecast that 2016 pre-tax profit would be equal to or higher than last year.
Here comes the sun – and with it, U.S. earnings excuses
NEW YORK (Reuters) – U.S. companies are singing the warm weather blues this corporate earnings season.
JD Power, LMC forecast 4.5 percent drop in Jan U.S. auto sales
DETROIT (Reuters) – January U.S. auto sales will fall 4.5 percent because of the recent snow storm on the East Coast and two fewer selling days than a year ago, JD Power and LMC Automotive said on Thursday.
