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.
Fed’s Dudley urges key changes to Libor rate
NEW YORK (Reuters) – A broader definition of the benchmark Libor interest rate and a better alternative is needed, an influential U.S. Federal Reserve official said on Thursday, joining the chorus of world regulators calling for changes in the wake of …
Tesla factory near Reno is bet old Nevada will meet the new
RENO Nevada (Reuters) – Lance Gilman bounced his white GMC truck up a hill in the high desert country east of Reno, Nevada, and paused at the top to survey his property. Spread out below lay the 165-square-mile Tahoe-Reno Industrial Center, about five …
Online home goods retailer Wayfair valued at $3 billion in debut
(Reuters) – Wayfair Inc’s shares rose as much as 27 percent in their market debut on Thursday, valuing the online home furnishings retailer at about $3.06 billion.
U.S. factory orders post record decline on aircraft payback
WASHINGTON, Oct 2 (Reuters) – New orders for U.S. factory goods posted their biggest decline on record in August, payback for an aircraft-driven jump a month earlier.
U.S. jobless claims drop, point to stronger labor market
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, a sign the labor market may be tightening.
EU to extend Zimmer, Biomet probe, clear Eli Lilly, Novartis deal: sources
BRUSSELS (Reuters) – EU antitrust regulators will open an extensive probe into Zimmer Holdings Inc’s $13.4 billion bid for Biomet Inc, concerned that the creation of the world’s second-largest orthopedic products group may hurt competition, three peopl…
Berkshire’s Buffett: Coke pay plan makes ‘great sense’- CNBC
(Reuters) – Warren Buffett, the billionaire chairman and chief executive officer of conglomerate Berkshire Hathaway Inc , praised Coca-Cola’s altered executive compensation plan on Thursday.
EU to extend Zimmer, Biomet probe, clear Eli Lilly, Novartis deal: sources
BRUSSELS (Reuters) – EU antitrust regulators will widen a probe into Zimmer Holdings Inc’s $13.4 billion bid for Biomet Inc [LVBHAB.UL] but clear Eli Lilly’s offer for a Novartis AG unit, three people familiar with the matter said on Thursday.
Banks boost equity, loan provisions in H1 ahead of ECB tests
LONDON (Reuters) – Attempts by the euro zone’s 20 largest banks to anticipate the outcome of European Central Bank stress tests continued in earnest in the first half, as lenders boosted equity levels and set aside more money for bad loans.
