Exclusive: Takata engineers struggled to maintain air bag quality, documents reveal
By Joanna Zuckerman Bernstein, Ben Klayman and Yoko Kubota
Wall St. gains one percent on results but S&P down for fourth week
NEW YORK (Reuters) – U.S. stocks extended their rebound from this month’s bruising selloff on Friday, giving the S&P 500 its best day in over a week, as worries about the U.S. earnings outlook eased, but the S&P 500 still posted its fourth straight week of declines.
Mass Mutual sues JP Morgan over ‘smart’ retirement trademark
(Reuters) – Unable to reach a compromise with JPMorgan Chase & Co over the use of the term “smart” in relation to its lucrative retirement savings products, major life insurance provider MassMutual is taking the banking company to court.
Wall St. gains one percent on results but S&P down for fourth week
NEW YORK (Reuters) – U.S. stocks extended their rebound from this month’s bruising selloff on Friday, giving the S&P 500 its best day in over a week, as worries about the U.S. earnings outlook eased, but the S&P 500 still posted its fourth straight week of declines.
Morgan Stanley profit jumps as trading activity rebounds
(Reuters) – Morgan Stanley reported an 87 percent rise in third-quarter earnings as the Wall Street bank’s trading, investment banking and wealth management businesses benefited from increased client activity and a hot equity market.
Morgan Stanley, armed with cash from fixed income dump, goes shopping
NEW YORK (Reuters) – Morgan Stanley , which has spent three years throwing out bad apples from its fixed income trading portfolio, now wants to put the freed up money into businesses that bear healthier fruit.
Exclusive: UBS tells brokers to keep selling risky Puerto Rico funds
(Reuters) – UBS AG is sticking with its recommendations that some clients buy risky Puerto Rico closed-end bond funds, despite hundreds of arbitration claims by investors who blame the securities for huge losses, according to an internal document.
GM’s top lawyer, hammered during recall hearing in Congress, to retire
DETROIT (Reuters) – General Motors Co’s top lawyer will retire early next year, months after his department was heavily criticized for how it handled the automaker’s defective ignition switch that has been linked to at least 27 deaths.
Fourth U.S. traffic death linked to Takata air bags
DETROIT/ORLANDO (Reuters) – A fourth traffic death in a Honda Motor Co car has been linked to a defective air bag made by Japanese supplier Takata Corp, according to a county medical examiner in Florida.
Obama signs order to tighten security for federal credit cards
WASHINGTON (Reuters) – U.S. President Barack Obama signed an executive order on Friday to beef up security measures for federal credit cards, and urged banks and retailers to follow suit in an effort to combat the growing threat of identity fraud.
