Judge rules Goldman must face lawsuit over mortgage securities
NEW YORK (Reuters) – A proposed class action by a Detroit pension fund accusing Goldman Sachs of misleading investors about mortgage-backed securities can go forward, a federal judge has ruled.
Japan February consumer inflation steady, spending hit by weather
TOKYO (Reuters) – Japan’s core consumer prices rose for a ninth straight month in March from a year earlier and labor demand improved – further evidence the economy is making headway against years of deflation and stagnation.
Fed’s Tarullo defends tough rules for foreign banks
WASHINGTON (Reuters) – A top U.S. regulator gave a spirited defense on Thursday of new rules forcing foreign banks to hold more capital in their U.S. units, after overseas firms and regulators criticized the requirements.
A string of mega deals drives global M&A recovery in first quarter
LONDON (Reuters) – A string of large transactions drove the value of global mergers and acquisitions (M&A) activity up by 54 percent in the first quarter compared to the same period last year, reflecting greater deal-making confidence among chief executives.
Oi shares suspended in setback to Portugal Telecom tie-up
RIO DE JANEIRO/BRASILIA (Reuters) – Brazil’s securities watchdog on Thursday suspended the offer of shares in telecommunications company Grupo Oi SA for up to 30 days, dealing a setback to its planned merger with Portugal Telecom .
State regulators hire outside lawyer for dispute with SEC
WASHINGTON (Reuters) – State securities regulators have hired a former Securities and Exchange Commission lawyer to help them win a rare and high-stakes jurisdictional dispute with the SEC.
Judge says U.S. fraud case vs. Bank of America should be tossed
(Reuters) – A federal judge has recommended dismissal of a U.S. government lawsuit accusing Bank of America Corp of defrauding investors into buying about $855 million of mortgage securities that soured during the global financial crisis.
Wall Street slips as banks, techs drag; S&P flat for 2014
NEW YORK (Reuters) – U.S. stocks fell on Thursday, erasing most of the S&P 500’s year-to-date gain, as banking and technology stocks led the selloff.
U.S. high-frequency trading ban unlikely: Nasdaq
NEW YORK (Reuters) – U.S. regulators are unlikely to put rules in place that would harm high-frequency trading (HFT) as doing so would make trading more difficult and expensive for all investors, Robert Greifeld, chief executive officer of Nasdaq OMX G…
Cargill energy closures signal focus on competitive markets
CHICAGO (Reuters) – Cargill Inc has shifted its focus in the energy sector with its exit from coal and European power and gas markets, confirming a commitment to areas where it can be more competitive.
