Wall Street Week Ahead: Short week, jobs data may bring back swings
NEW YORK (Reuters) – Wall Street may kick off the second half of the year with an uptick in volatility, thanks to the June jobs report and plenty of other market-moving data in a short trading week.
Exclusive: Loophole for condensate exports may apply to other U.S. crudes – sources
(Reuters) – The U.S. decision allowing minimally processed super-light oil known as condensate to be freely exported may open the door to doing the same with other types of crude too, according to industry and government sources who have reviewed the r…
New York AG Schneiderman finally flexes muscles against Wall Street
NEW YORK (Reuters) – New York Attorney General Eric Schneiderman, long seen as a secondary force in policing Wall Street banks, is taking the lead in what may be the most ambitious case of his career: accusing Barclays Plc of favoring its high-frequenc…
U.S. seeks more than eight years prison for SAC’s Martoma
NEW YORK (Reuters) – Mathew Martoma, a former SAC Capital Advisors portfolio manager convicted of insider trading, should be sentenced to a “substantial” term of prison beyond the eight years recommended by probation officers, U.S. prosecutors argued F…
Wall Street closes up but ends week lower, Europe stocks down
NEW YORK (Reuters) – U.S. stocks erased early losses to close up on Friday but still finished the week lower on mixed economic data, while European equities had their first weekly drop since April on worries over Iraq and Ukraine.
U.S. auctions some 30,000 bitcoins from Silk Road raid
NEW YORK (Reuters) – The U.S. Marshals Service on Friday auctioned off about 30,000 bitcoins seized during a raid on Silk Road, an Internet black-market bazaar where authorities say illegal drugs and other goods could be bought.
BP seeks to recoup ‘windfall’ Gulf spill payments
(Reuters) – BP Plc has asked a U.S. judge to direct what it called a “vast number” of businesses to repay hundreds of millions of dollars it says were wrongly awarded as compensation on claims stemming from the 2010 Gulf of Mexico oil spill.
Argentina accuses U.S. judge of abusing power in debt case
BUENOS AIRES (Reuters) – Argentina on Friday said U.S. District Judge Thomas Griesa was trying to “provoke a default” by keeping the South American country from paying its debt in what it called an abuse of judicial power.
Dow, S&P 500 edge up with tech shares; DuPont drags
NEW YORK (Reuters) – U.S. stocks ended modestly higher on Friday, led by technology shares, though a downbeat second-quarter forecast from DuPont Co kept a lid on gains.
Barclays enlists outside help in dark pools probe
LONDON/WASHINGTON (Reuters) – Barclays Plc has hired lawyers from the high-profile firm Wilmer Cutler Pickering Hale and Dorr LLP to help the bank defend itself against accusations that it deceived investors in its “dark pool” trading venue, according …
