Toyota close to $1 billion deal to settle U.S. probe: WSJ
(Reuters) – Toyota Motor Corp is close to a deal to pay $1 billion to settle a U.S. criminal investigation into how it disclosed customers’ complaints about unintended acceleration years ago, the Wall Street Journal reported on Friday, citing anonymous…
Morgan Stanley adds four executives to its operating committee
(Reuters) – Morgan Stanley named four executives, including fixed-income trading co-heads Michael Heaney and Robert Rooney, to its operating committee, bringing the Wall Street bank’s total committee members to 16, the company said on Friday.
Panama Canal, consortium make new proposals to rescue expansion
PANAMA CITY/MADRID (Reuters) – The companies working to widen the Panama Canal and the waterway’s administrator on Friday each made new proposals aimed at reviving the multibillion dollar project, after talks broke down this week amid a cost spat and w…
Exclusive: Bebe stores hires adviser for potential sale – sources
(Reuters) – Contemporary women’s retailer Bebe Stores Inc is exploring a potential sale and is reaching out to private equity firms, according to people familiar with the matter on Friday.
Will U.S. stock buyers beat back the bear?
NEW YORK (Reuters) – After the S&P 500’s first weekly gain in a month, investors will see next week whether the U.S. stock market’s rally of the last two days is the shape of better things to come – or if this year’s weakness will turn into a full-fledged correction.
Rajaratnam’s brother seeks dismissal of insider trading charges
NEW YORK (Reuters) – Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, urged a U.S. judge on Friday to dismiss insider trading charges leveled against him last year.
Wall Street rallies to snap three-week skid
NEW YORK (Reuters) – U.S. stocks jumped on Friday, giving the S&P 500 its first weekly gain in four as the impact of a weak reading on the labor market was dulled by harsh weather conditions and traders focused on expectations of further economic strength.
Republicans eye U.S. debt limit vote as Lew warns of cash crunch
WASHINGTON (Reuters) – Republicans who control the U.S. House of Representatives have penciled in a possible vote next week on legislation to raise the debt limit as the Treasury warned on Friday that it could start to face payment problems after Febru…
U.S. jobless rate forces Yellen’s hand on Fed guidance
SAN FRANCISCO/NEW YORK (Reuters) – The rapid drop in U.S. unemployment will make re-crafting the Federal Reserve’s easy-money promise a top priority for new Chair Janet Yellen, who will probably avoid tying policy to specific targets in the labor marke…
Wall Street rallies to snap three-week skid
NEW YORK (Reuters) – U.S. stocks jumped on Friday, giving the S&P 500 its first weekly gain in four as the impact of a weak reading on the labor market was dulled by harsh weather conditions and traders focused on expectations of further economic strength.
