Google’s Schmidt gets second $100 million stock award
SAN FRANCISCO (Reuters) – Google Inc Executive Chairman Eric Schmidt will be awarded $100 million in restricted stock units, the company said on Tuesday, marking the second time in less than three years that the Internet company’s former chief executiv…
U.S. employment seen rebounding in January, may allay growth fears
WASHINGTON (Reuters) – U.S. hiring likely snapped back from a three-year low in January and kept the unemployment rate steady at 6.7 percent, which could ease investors’ fears the economy is slowing sharply.
S&P downgrades Puerto Rico debt to junk status
(Reuters) – Standard & Poor’s on Tuesday cut its credit rating on Puerto Rico, dropping the cash-strapped U.S. territory’s debt to junk-bond status on concerns about its ability to access capital markets.
Morgan Stanley to pay $1.25 billion to resolve mortgage lawsuit
(Reuters) – Morgan Stanley said it would pay $1.25 billion to the U.S. regulator for Fannie Mae and Freddie Mac to settle a lawsuit related to the sale of mortgage-backed securities.
Factory orders data eases economic slowdown fears
WASHINGTON (Reuters) – New orders for U.S. factory goods outside of the volatile transportation sector rose for a third straight month in December, easing concerns of an abrupt slowdown in manufacturing activity.
Analysis: A trader’s earnings season as stocks swing wildly on results
NEW YORK (Reuters) – Popular stocks like Amazon, Facebook and Best Buy surprised investors with huge post-earnings swings this quarter – and some of them headed south fast – a big jolt for the market after 2013 saw many companies’ shares rally with nar…
U.S. retailers at Senate hearing: hackers have upper hand
WASHINGTON (Reuters) – U.S. retailers speaking to a U.S. Senate panel on Tuesday bemoaned the sophistication of hackers and urged better collaboration with banks on anti-theft technology.
Analysis: Lawsuits over forex market face uncertain future
NEW YORK (Reuters) – As investigations into alleged manipulation of the global foreign exchange market advance, class actions against the world’s biggest banks are piling up, exposing the banks to potentially billions of dollars in damages.
Analysis: Asian governments to central banks: it’s our mess, you fix it
TOKYO/JAKARTA (Reuters) – Asia’s central bankers are being forced to juggle their day jobs with what their governments have failed to do – steeling their economies for the hard times.
Carmaker Tesla wins China fans with ‘fair’ price strategy
SHANGHAI (Reuters) – In China, where higher prices mean prestige, luxury U.S. electric carmaker Tesla is taking a bold step to win over clients and cachet by curbing the markup to just half of what some of its rivals can command.
