SEC to let retail money funds maintain stable share prices: WSJ
(Reuters) – U.S. securities regulators are preparing to exempt a majority of money market mutual funds from a central plank of rules intended to curb risks in the $2.6 trillion market, the Wall Street Journal reported, citing people familiar with the m…
U.S. journalism benefiting from ‘game-changing’ investments: study
(Reuters) – A new wave of funding by technology-savvy investors into U.S. media companies is driving momentum in journalism, even as news organizations continue to face challenges, according to a report issued on Wednesday.
BlackRock CEO warns top U.S. firms: don’t overdo dividends, buybacks
(Reuters) – BlackRock Inc Chief Executive Laurence Fink has warned top U.S. companies not to emphasize dividends or share buybacks if they come at the expense of future growth.
Facebook to buy virtual reality goggles maker for $2 billion
SAN FRANCISCO (Reuters) – Facebook Inc will acquire two-year-old Oculus VR Inc, a maker of virtual-reality glasses for gaming, for $2 billion, buying its way into the fast-growing wearable devices arena with its first-ever hardware deal.
Spooked by defaults, China banks begin retreat from risk
BEIJING (Reuters) – Some of China’s struggling firms are finally getting the reception that regulators have been hoping for — a cold shoulder from banks in the form of smaller and costlier loans.
Not foregone conclusion Fed will adopt U.S. repo facility: Plosser
NEW YORK (Reuters) – The U.S. Federal Reserve’s committee of policy-setters has not yet decided to fully embrace a new test facility for so-called reverse repurchase agreements as a tool for conducting monetary policy in the future, Philadelphia Fed Pr…
California lawsuit claims more GM vehicles faulty than in recall
(Reuters) – A lawsuit against General Motors Co filed this week in San Francisco seeking class action status includes plaintiffs who own cars outside GM’s recall of 1.6 million vehicles.
ARMS split from Bakries culminates in Twitter spat with Rothschild
LONDON (Reuters) – Coal miner Asia Resource Minerals (ARMS) on Tuesday announced its long-awaited split with the Indonesian family that helped found it, sparking bitter posts on Twitter between a family member and fellow ARMS founder Nat Rothschild.
UK may toughen executive pay rules if firms do not act: minister
LONDON (Reuters) – The British government may introduce tougher rules on executive pay if companies and their investors fail to restore the link with performance, Business Secretary Vince Cable will say on Wednesday.
Women struggling to crack glass ceiling in top UK companies: report
LONDON (Reuters) – More women are sitting on the boards of Britain’s biggest companies but the glass ceiling is yet to crack, with most top jobs still held by men and companies needing to do more for gender balance, a report showed on Wednesday.
