No clarity from economists on clarity of BoE’s new policy: Reuters poll
LONDON (Reuters) – The Bank of England’s revamped forward guidance has split economists in a Reuters poll as to whether it has improved clarity about where British interest rates are headed.
Weather seems to blame for U.S. slowdown, Fed’s Yellen says
(Reuters) – Unusually harsh winter weather appears to be behind recent signs of weakness in the U.S. economy, Federal Reserve Chair Janet Yellen said on Thursday, suggesting the central bank was poised to press forward in ratcheting back its stimulus.
Societe Generale to pay $122 million to resolve U.S. mortgage lawsuit
NEW YORK (Reuters) – Societe Generale has agreed to pay $122 million to settle a lawsuit by a U.S. regulator accusing the bank of misleading Fannie Mae and Freddie Mac in the purchase of mortgage-backed securities.
EBay founder rejects Icahn’s call for PayPal spinoff
(Reuters) – EBay Inc founder and Chairman Pierre Omidyar rejected investor Carl Icahn’s call to separate the company’s fast-growing PayPal payments unit, saying the businesses were better off together.
NY court revives Assured’s damage claims against Credit Suisse
NEW YORK (Reuters) – A New York appeals court on Thursday revived Assured Guaranty Corp’s claims for certain damages in its lawsuit against Credit Suisse Group AG over allegedly defective loans underlying mortgage-backed securities.
Credit Suisse CEO faces call for U.S. testimony apology
ZURICH (Reuters) – A group representing Swiss bank employees demanded an apology from Credit Suisse boss Brady Dougan on Thursday after he said the practice of helping Americans conceal their wealth was the work of a few dishonest employees.
Dan Loeb to nominate three directors to Sotheby’s board
(Reuters) – Activist investor Daniel Loeb said on Thursday he would nominate himself and two others to the board of Sotheby’s Inc , piling pressure on the auctioneer to focus more on its competitive position and management.
Exclusive: GE seeks buyer for fuel dispenser unit – sources
NEW YORK (Reuters) – General Electric Co is preparing to sell its energy unit that makes fuel dispensers in a deal that is expected to fetch more than $500 million, people familiar with the matter said on Thursday.
Better profit at Best Buy in holiday quarter cheers investors
(Reuters) – U.S. retailer Best Buy Co Inc reported a better-than-expected profit in the quarter covering the holiday season and said it would more aggressively cut costs this year to fund its turnaround efforts, sending shares higher in midday trading….
U.S. core capital goods order up, but worries linger
WASHINGTON (Reuters) – Orders for long-lasting U.S. manufactured goods excluding transportation and a gauge of business spending unexpectedly rose in January, offering hopeful signs for factory activity which has slowed in recent months.
