RadioShack reaches refinancing deal with Standard General: Bloomberg
(Reuters) – Cash-strapped electronics retailer RadioShack Corp has reached an agreement with a consortium led by its largest shareholder Standard General LP to refinance about $590 million of loans to re-stock ahead of the holiday season, Bloomberg rep…
JPMorgan hack exposed data of 83 million, among biggest breaches in history
(Reuters) – Names, addresses, phone numbers and email addresses of the holders of some 83 million households and small business accounts were exposed when computer systems at JPMorgan Chase & Co were recently compromised by hackers, making it one of the biggest data breaches in history.
BP asks judge to reconsider ‘gross negligence’ ruling
HOUSTON (Reuters) – BP Plc on Thursday asked a U.S. court to reconsider a September ruling that found the company “grossly negligent” for the 2010 oil spill in the Gulf of Mexico, a finding that boosted its potential liabilities by about $18 billion.
Bullard says Fed ‘far behind’ schedule for interest rate hike
TUPELO Miss. (Reuters) – The Federal Reserve’s third round of bond buying had a better than expected impact on the U.S. labor market, a Fed official said on Thursday, making it all the more necessary for the central bank to move faster with hiking inte…
Kellogg CEO planning to meet United Biscuits to discuss deal: WSJ
(Reuters) – Cereal maker Kellogg Co’s chief executive officer is planning to meet with cookies and snacks maker United Biscuits Ltd to discuss a possible 2 billion pound ($3.23 billion) offer for the British company, the Wall Street Journal reported on…
JPMorgan hack exposed data of 83 million, among biggest breaches in history
(Reuters) – Names, addresses, phone numbers and email addresses of the holders of some 83 million households and small business accounts were exposed when computer systems at JPMorgan Chase & Co were recently compromised by hackers, making it one of the biggest data breaches in history.
GM’s 2025 platform plan: Simplify and seek to save billions
DETROIT (Reuters) – It could be a defining element of Chief Executive Mary Barra’s legacy at General Motors Co : A drastic shift over the next 10 years from 26 global vehicle production platforms to just four by 2025, a bold stroke that could eventuall…
Exclusive: Schwab drops Pimco Total Return from target date portfolios
(Reuters) – Charles Schwab Corp has dropped the Pimco Total Return Fund from its 10 target date funds and collective trusts, a company spokeswoman told Reuters on Thursday.
Investors batten down hatches for volatile end to 2014
LONDON (Reuters) – Global investors are starting to cut back on stock market positions, wary of a wave of financial market turbulence in the final quarter of 2014 as the era of cheap money ends.
Wall St. ends flat, small caps rebound in volatile day
NEW YORK (Reuters) – U.S. stocks ended flat in a volatile session on Thursday as energy stocks rebounded and investors bought beaten-down shares, especially small caps.
