Analysis: Morgan Stanley bets on smaller bond unit, defying skeptics
NEW YORK (Reuters) – In early 2011, Morgan Stanley Chief Executive James Gorman thought he had finally figured out how to rebuild the bank’s depleted bond trading business without taking too much risk.
China home price rises show signs of easing in December
BEIJING (Reuters) – China’s home prices continued to surge in December, though the pace of gains overall did not exceed the previous month’s and rises eased in some major cities, suggesting that government tightening measures may be starting to bite.
Wall St. Week Ahead: Stocks may be vulnerable in earnings blitz
NEW YORK (Reuters) – The initial reads on earnings have been mixed, and yet U.S. stocks are hovering near all-time highs. Next week, investors will see whether the first companies out of the gate were a harbinger of what’s to come.
Exclusive: NY AG won’t ask Bank of America for damages but Merrill case goes on
NEW YORK (Reuters) – New York Attorney General Eric Schneiderman has abandoned his effort to obtain damages from Bank of America Corp over its purchase of Merrill Lynch & Co, but plans to press on with the case, his lawyers said in court on Friday.
In wake of JPMorgan settlement, big banks add to defense funds
NEW YORK (Reuters) – Several large U.S. banks have set aside extra money to pay for potential legal costs in part because of JPMorgan Chase & Co’s massive $13 billion settlement with U.S. authorities over bad mortgages, according to two sources familiar with the situation.
In wake of JPMorgan settlement, big banks add to defense funds
NEW YORK (Reuters) – Several large U.S. banks have set aside extra money to pay for potential legal costs in part because of JPMorgan Chase & Co’s massive $13 billion settlement with U.S. authorities over bad mortgages, according to two sources familiar with the situation.
Intel to reduce global workforce by five percent in 2014
SAN FRANCISCO (Reuters) – Intel Corp plans to reduce its global workforce of 107,000 by about 5 percent this year as the chipmaker, struggling with falling personal-computer sales, shifts focus to faster-growing areas, a company spokesman said on Frida…
Wall St Week Ahead: Stocks may be vulnerable as earnings heat up
NEW YORK (Reuters) – The initial reads on earnings have been mixed, and yet U.S. stocks are hovering near all-time highs. Next week, investors will see whether the first companies out of the gate were a harbinger of what’s to come.
S&P, Nasdaq end down with Intel, GE; Dow gains
NEW YORK (Reuters) – The S&P 500 and Nasdaq declined on Friday as results from Intel and General Electric were the latest to dampen the view on fourth-quarter earnings.
The U.S. government’s bitcoin bonanza: How, where and when to sell?
NEW YORK (Reuters) – U.S. prosecutors in Manhattan are sitting on a multimillion-dollar bitcoin gold mine. And it could get much bigger.
