Want to get back into stocks? Check junk spreads first
NEW YORK (Reuters) – A positive vibe returned to the U.S. stock market Friday, leaving some to wonder if, after two weeks of losses, the latest selloff scare was over. The best clues may come from what happens to low-quality corporate bonds.
Microsoft says Samsung owes $6.9 million in unpaid interest
SAN FRANCISCO (Reuters) – Microsoft Corp is demanding $6.9 million interest from Samsung Electronics in a dispute over smartphone patent royalties, according to a lawsuit unsealed by a New York federal court on Friday.
U.S. judge orders Argentina to stop servicing exchange bonds locally
NEW YORK (Reuters) – A U.S. judge said on Friday Argentina must reverse the steps it has taken to evade his orders in a longstanding dispute with hedge funds over debt the country defaulted on in 2002.
Wall St. rallies; S&P 500 posts best day since August
NEW YORK (Reuters) – The S&P 500 posted its best day since August on Friday following a stronger-than-expected September U.S. jobs report that bolstered the outlook for the U.S. economy.
States probe JPMorgan Chase as hack seen fueling fraud
BOSTON (Reuters) – Two U.S. states are investigating the theft of 83 million customer records from JPMorgan Chase & Co in a massive cyber attack uncovered over the summer, and more may soon join, Reuters learned on Friday.
U.S. hiring accelerates, jobless rate hits six-year low
WASHINGTON (Reuters) – U.S. employers ramped up hiring in September and the jobless rate fell to a six-year low, bolstering bets the Federal Reserve will hike interest rates in mid-2015.
Challenge awaits bond star Gross at team-spirited Janus
BOSTON/NEW YORK (Reuters) – Investors hope the Bond King can remake himself as a team player.
French court suspends Airbus insider trading trial
PARIS (Reuters) – French judges on Friday effectively suspended a trial involving allegations of insider trading in the shares of Airbus Group to allow a higher court to rule on whether the long-awaited procedure was constitutional.
Yahoo plans to invest in Snapchat: WSJ
(Reuters) – Yahoo Inc plans to invest a part of the proceeds from the Alibaba Group Holding Ltd stake sale in mobile app Snapchat, which lets users send messages that disappear after a few seconds, the Wall Street Journal said.
Exclusive: Merrill Lynch scraps national meeting for small confabs
NEW YORK (Reuters) – Bank of America Corps’s Merrill Lynch canceled what had been a traditional national leadership meeting last week and will instead hold smaller, regional gatherings.
