NYSE to run software tests for trading firms ahead of Alibaba IPO
NEW YORK (Reuters) – The New York Stock Exchange said it will hold a test run of Alibaba Group Holding’s highly anticipated market debut, reflecting the securities industry’s focus on risk controls after a raft of technical snafus in recent years.
Morgan Stanley eyes compensation cuts for financial advisers: sources
NEW YORK (Reuters) – Morgan Stanley wants to pay out a smaller portion of wealth management revenue to the retail brokers who generate it, the final and perhaps most difficult front in Chief Executive James Gorman’s drive to reduce staff costs across t…
Boeing nears deal to sell 30 jets to Monarch Air: sources
LONDON (Reuters) – Boeing Co is close to a roughly $3 billion deal to sell around 30 aircraft to Monarch Airlines, ousting the UK carrier’s current supplier, Airbus , industry sources said.
Manufacturing expands in U.S., Asia; euro zone still lags
New York (Reuters) – Manufacturing activity in the United States and in Asia’s industrial powerhouses China and Japan expanded further in June but euro zone growth faltered as main motor Germany slowed.
Goldman Sachs fined over trade rule violations in dark pool
WASHINGTON (Reuters) – Wall Street’s self-funded regulator fined a unit of Goldman Sachs on Tuesday over pricing rule violations stemming from its “dark pool,” marking the latest in a string of recent enforcement actions targeting anonymous trading pla…
Global manufacturing activity accelerated in June: PMI
LONDON (Reuters) – Global manufacturing activity accelerated in June, and with new orders coming in faster output is likely to pick up in the coming months, a business survey showed on Tuesday.
Lockheed Martin to move employees to new retirement plan
(Reuters) – Lockheed Martin Corp, Pentagon’s biggest defense supplier, said it will move existing employees to a defined-contribution retirement plan by Jan.1, 2020, becoming the latest company to freeze its expensive defined-benefit pension plan.
U.S. manufacturing sector growth dips slightly in June: ISM
NEW YORK (Reuters) – The pace of growth in the U.S. manufacturing sector slowed very slightly in June, an industry report showed on Tuesday, though new orders accelerated to a six-month high.
U.S. manufacturing expands in June at fastest rate in over four years: Markit
NEW YORK (Reuters) – The U.S. manufacturing sector expanded further in June, driven by the fastest growth in output and new orders in over four years, an industry report showed on Tuesday.
World oil markets can deal with situation in Iraq: U.S.’ Lew
WASHINGTON (Reuters) – U.S. Treasury Secretary Jack Lew said on Tuesday there was ample oil production capacity to offset any supply disruptions that may occur due to the violence in Iraq.
