Target data breach could be costly for payment partners
BOSTON (Reuters) – Companies that help Target Corp process payments could face millions of dollars in fines and costs resulting from the unprecedented data breach that struck the retailer over the holiday shopping season.
Wall Street regulators face budget crunch under new spending deal
WASHINGTON (Reuters) – Two of Wall Street’s top regulators are due to receive much smaller increases in their budgets than they requested, potentially hobbling their ability to police the markets for wrongdoing.
World Bank sees stronger growth as rich economies expand
WASHINGTON (Reuters) – The World Bank on Tuesday raised its forecast for global growth for the first time in three years as advanced economies started to pick up pace, led by the United States.
Time Warner Cable executives ‘failed,’ Charter says in push for deal
(Reuters) – Charter Communications unleashed a verbal attack on Time Warner Cable on Tuesday, saying the cable operator’s executives had “failed” as Charter tried to rally investors to accept its bid.
Toyota and Kia bet on sports cars to turbocharge brands
DETROIT (Reuters) – Asian rivals Toyota Motor Corp and Kia Motors unveiled concept sports cars this week that appear to target different demographics but share a common goal to add some sizzle to their brands.
Worried Fed seeks to curb Wall Street banks commodity trade
NEW YORK/WASHINGTON (Reuters) – The U.S. Federal Reserve on Tuesday took a first formal step toward restricting the role of Wall Street banks in trading physical commodities, citing fears that a multibillion-dollar disaster could bring down a bank and …
Axel Springer, others interested in Forbes: report
(Reuters) – Forbes Media, the company known for its namesake magazine and ranking the world’s richest people, has caught the attention of six different companies including Germany’s Axel Springer, according to a report in the Wall Street Journal.
GM to pay first quarterly dividend in almost six years
DETROIT (Reuters) – General Motors Co will pay the first quarterly dividend on its common stock in almost six years, marking another step in the U.S. automaker’s recovery from its bankruptcy in 2009 and sending shares up 3.2 percent in after-hours trad…
Fannie, Freddie watchdog in probe of alleged Wall Street front running
WASHINGTON (Reuters) – A U.S. government watchdog is involved in an investigation of whether bank traders manipulated markets and engaged in front running of orders from Fannie Mae and Freddie Mac in the interest-rate swaps market, according to an FBI …
Wall Street rebounds as retail sales point to healthy economy
NEW YORK (Reuters) – U.S. stocks rose on Tuesday, erasing much of the previous session’s steep drop, as a strong December retail sales reading eased concerns that economic growth might be slowing.
