Yellen gives the green light for more stock gains
NEW YORK (Reuters) – Federal Reserve chief Janet Yellen signaled that rational exuberance is just fine.
Google’s Nest to buy Dropcam for $555 : report
(Reuters) – Google Inc’s Nest Labs will buy home-monitoring camera startup Dropcam for about $555 million in cash, technology blog Re/code reported on Friday, taking another step deeper into consumers’ homes.
Exclusive: U.S. revamping Boeing missile defense deal as crucial test looms
WASHINGTON (Reuters) – The Pentagon is restructuring a $3.48 billion contract with Boeing Co for management of the troubled U.S. homeland missile defense program, said two sources familiar with the situation.
Exclusive: GM board warned of serious problems by quality manager in 2002
WASHINGTON/DETROIT (Reuters) – A former head of General Motors corporate quality audit warned the company’s board in a letter in 2002 that it needed to “stop the continued shipment of unsafe vehicles” and “recall suspect vehicles that were already in customers’ hands.”
Argentina’s Fernandez says willing to talk with all creditors
BUENOS AIRES (Reuters) – President Cristina Fernandez said on Friday her government would negotiate with all of Argentina’s creditors in a bid to avoid a new debt default that would further weaken the country’s ailing economy.
Wall Street Week Ahead: Hoping for a consumer discretionary turnaround
NEW YORK (Reuters) – Shares of specialty retailers and apparel makers helped lead the charge off the market’s bottom in March 2009 but unraveled this year, leaving consumer discretionary stocks as the sole sector to still be lower through the first hal…
Barclays bond index unit hits market; may fetch $400 million: sources
NEW YORK (Reuters) – Barclays Plc has launched a long-anticipated sale process for its Index, Portfolio and Risk Solutions (IPRS) business, which could yield around $400 million for the UK bank, according to people familiar with the matter.
Citigroup investment bank chairman Ned Kelly retires
NEW YORK (Reuters) – Citigroup Inc said on Friday that Ned Kelly, a former chief financial officer who went on to advise as chairman of the company’s investment bank, is retiring.
Dow, S&P 500 end at record highs
NEW YORK (Reuters) – U.S. stocks rose on Friday, driving the Dow and the S&P 500 to close at record highs as the shares of 330 companies hit 52-week highs on the New York Stock Exchange.
Shell offers 30 million pounds to settle Nigeria oil spills
LONDON (Reuters) – Royal Dutch Shell is ready to pay up to 30 million pounds ($51 million) in compensation for two oil spills in Nigeria in 2008 after a London court rejected a larger claim, sources involved in the case said on Friday.
