In new warehousing suit, Goldman, JPMorgan sued over zinc
NEW YORK (Reuters) – Wall Street banks, big metal merchants and the London Metal Exchange face a lawsuit alleging they have artificially inflated zinc prices, expanding a high-profile legal case that has until now centered on the larger aluminum market…
Takeover shores up U.S. lobbying giant Patton Boggs
(Reuters) – Troubled U.S. lobbying giant Patton Boggs avoided a financial cliff on Friday when a larger law firm agreed to acquire many of its partners and its name, which for decades was synonymous with influence in Washington, D.C.
Nordstrom approaches potential buyers for its credit cards sale: Bloomberg
(Reuters) – Upscale department store operator Nordstrom Inc is reaching out to potential buyers for its store-branded credit cards, Bloomberg reported on Friday, citing sources familiar with the matter.
Fear strikes out on Wall Street
NEW YORK (Reuters) – Whatever investors are worried about right now, those concerns are not showing up in Wall Street’s fear gauge. That scares some. On the other hand, it more than likely means that stocks will keep taking things slow and steady.
BOJ’s Kuroda says options remain if further easing needed
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said the central bank still has policy options left if it were to ease monetary policy further to fend off risks that may threaten the achievement of its price target.
New home sales rise, but momentum lacking
WASHINGTON (Reuters) – Sales of new U.S. single-family homes rose in April and the stock of houses on the market hit a 3-1/2 year high, but economists said the market was still not clearly gaining steam.
Exclusive: EBay initially believed user data safe after cyberattack
BOSTON/SAN FRANCISCO (Reuters) – EBay Inc initially believed that its customers’ data was safe as forensic investigators reviewed a network security breach discovered in early May and made public this week, a senior executive told Reuters on Friday.
S&P 500 ends at record on housing, HP; transports fly
NEW YORK (Reuters) – The S&P 500 closed at a record high on Friday, buoyed by a rally in housing stocks after better-than-expected home sales and a jump in Hewlett-Packard shares a day after the personal computer maker said it would cut more jobs.
Exclusive: More than 13 deaths in recalled GM cars ‘likely’, regulator says
DETROIT (Reuters) – U.S. safety regulators said on Friday that it is likely that more than 13 people died in General Motors cars recalled earlier this year for defective ignition switches.
Law firms Squire Sanders, Patton Boggs agree to merge
(Reuters) – The law firms Squire Sanders and Patton Boggs said on Friday they had agreed to combine, striking a deal that is expected to save Patton Boggs from growing financial strain.
