Ex-Madoff aide on trial in N.Y. wins dismissal of two counts
NEW YORK (Reuters) – One of five former Bernard Madoff aides on trial for abetting his massive Ponzi scheme will face two fewer counts when the case goes to a jury, after a judge agreed to throw out charges that he arranged for his son to get a no-show…
S&P 500 may stall near high; Yellen in focus
NEW YORK (Reuters) – After the S&P 500 slipped on Friday and broke a two-week rally, stocks may find tougher sledding in the coming week as investors may be unwilling to push the benchmark index to a record high.
Southwest gets two free Reagan slots but won’t use them -report
WASHINGTON (Reuters) – Southwest Airlines said on Friday they will not use two of the 56 take-off and landing slots at Washington’s Ronald Reagan National Airport which they received from American Airlines Group .
Wall St. dips with S&P 500’s record high in sight
NEW YORK (Reuters) – U.S. stocks slipped on Friday on options-related trading, with the S&P 500 facing resistance as it flirts with its record high even as economic data continues to underwhelm.
Harsh weather, tight supply sink U.S. home sales
WASHINGTON (Reuters) – Severe cold weather and a shortage of houses on the market pushed U.S. home resales to an 18-month low in January, the latest indication economic activity has hit a soft patch.
Merrill executive loses regional sales post in western U.S.
NEW YORK (Reuters) – Chandler Root, Merrill Lynch’s market executive for the U.S. southwest region, is being transferred to a new post in an apparent demotion, according to people with knowledge of the situation.
UAW challenges result of Tennessee VW plant union vote
(Reuters) – The United Auto Workers filed an appeal with the U.S. government on Friday, asking it to set aside the results of an election last week in which workers at a Tennessee Volkswagen plant voted not to join the union.
Fed officials wanted more power over Wall Street during 2008 crisis
WASHINGTON (Reuters) – U.S. central bankers thought they should get more regulatory powers in return for providing cheap cash to Wall Street banks during the 2008 credit crisis, according to Federal Reserve transcripts released on Friday.
United Technologies’ Sikorsky unit to cut 600 jobs
HUNTSVILLE, Alabama (Reuters) – Sikorsky Aircraft, the helicopter unit of United Technologies Corp , on Friday said it would lay off 600 workers beginning in the next few weeks, citing continued “challenging and unstable economic conditions.”
VW plans 6.7 billion euro Scania buyout to seal trucks deal
BERLIN (Reuters) – Volkswagen plans to buy out minority shareholders of Swedish trucks division Scania for 6.7 billion euros ($9.21 billion) as it aims to jump-start a stalled eight-year effort to forge Europe’s biggest truckmaker.
