Fed was worried 2010 leak amounted to ‘insider trading’: transcripts
WASHINGTON (Reuters) – The Federal Reserve was worried that leaks of its confidential discussions in 2010 exposed it to charges of insider trading and raised questions over its credibility, according to transcripts of meetings released on Friday.
GE to sell appliances business to China’s Haier for $5.4 billion
(Reuters) – Haier Group said it would buy General Electric Co’s appliance business for $5.4 billion, the Chinese company’s latest attempt to boost its presence in the lucrative United States market.
Automakers vow to boost car safety in U.S. government pact
DETROIT (Reuters) – As the auto industry battles to win public confidence after several massive recalls, a group of 18 major carmakers announced on Friday that they have agreed to a voluntary program with the U.S. government to improve auto safety.
Major drugmakers push back in U.S. price debate
SAN FRANCISCO (Reuters) – With a backlash brewing over the price of medicines in the United States, drugmakers are pushing back with a new message: Most people don’t pay retail. ![]()
Growth funds dumping Apple stock as iPhone sales seen sagging; value-managers moving in
NEW YORK (Reuters) – Major U.S. growth mutual funds have been among the largest sellers of Apple Inc shares over the past six months, fueling speculation that the company’s days of supercharged growth have come to an end.
Big investors see lousy U.S. environment but no 2008-style collapse
NEW YORK (Reuters) – With signs of a bear market in U.S. stocks emerging, some of the world’s biggest investors say the buying opportunity is not here yet and instead believe further drops of 10 to 20 percent are a possibility.
Wal-Mart pulls plug on smallest store format, shuts 269 stores
(Reuters) – Wal-Mart Stores Inc said on Friday that it would pull the plug on its smallest store format, Walmart Express, and close 269 locations as it contends with higher costs in its home market of the United States and disappointing results oversea…
Lower legal bill boosts Citi profit but core revenue weak
(Reuters) – Citigroup Inc reported a massive jump in quarterly profit as a sharp drop in legal costs and gains from the disposal of unwanted assets masked weak revenue from its core business.
DuPont layoffs before merger a credit negative for Delaware: Moody’s
NEW YORK (Reuters) – Layoffs at chemical maker DuPont Co announced in late December, in preparation for its merger with Dow Chemical Co, create negative credit conditions for communities in Delaware and the state overall, a report said on Friday.
BlackRock reels in billions but profits miss expectations
(Reuters) – Investors drove $54 billion into BlackRock Inc funds during a weak and turbulent fourth quarter for financial markets, driving profits higher, but the company nonetheless missed Wall Street analysts’ forecasts.




