Fed banks split in December on what to do with discount rate
WASHINGTON (Reuters) – One regional Federal Reserve bank continued to push for a cut in the U.S. central bank’s emergency lending rate in December, while three others renewed a request to hike it, minutes of Fed deliberations released on Tuesday showed…
Exclusive: Nasdaq pushes to speed up talks over market fixes
NEW YORK (Reuters) – Nasdaq OMX Group is prepared to walk away from running the data processor that was at the center of a three-hour trading halt in August, in a sign of its frustration with the pace of talks over implementing fixes for the system, ac…
Charter touts benefits of Time Warner Cable deal
(Reuters) – Charter Communications sees annual synergies of $500 million and other benefits such as tax savings from its proposed acquisition of Time Warner Cable , the company said in an investor presentation posted on its website Tuesday.
Monte Paschi board says CEO to stay on
MILAN (Reuters) – The board of Monte dei Paschi di Siena has unanimously confirmed its faith in CEO Fabrizio Viola despite him being forced to delay a crucial capital increase, the bank said on Tuesday.
Ethical fashion brands target mass market
BERLIN (Reuters) – Consumer concerns about poor working conditions in Asian factories and toxic chemicals used in fabric production are driving interest in ethical fashion, helping it start to appeal to a broader market.
Monte Paschi Chairman, CEO stay on despite cash call delay-source
SIENA, Italy (Reuters) – The chairman and the chief executive of Italy’s Monte dei Paschi di Siena will remain in their jobs despite being forced to delay a capital increase by the bank’s top investor, a source with direct knowledge of the matter said …
Merck needs a dose of joie de vivre, research chief says
SAN FRANCISCO (Reuters) – Merck & Co’s researchers need to regain their confidence after an eight-year drought in developing important new medicines sapped employee morale, the company’s recently hired research chief told Reuters.
Wells Fargo profit beats estimates; mortgage loans slump
(Reuters) – Wells Fargo & Co reported a better-than-expected 11 percent jump in fourth-quarter profit, though mortgage financing was at its slowest in five years, and the bank’s shares fell in morning trading.
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.
High court rules against companies in LCD-screen case
WASHINGTON (Reuters) – Disputes between U.S. states and electronics manufacturers over accusations of price-fixing on liquid crystal display panels can be heard in state court, the U.S. Supreme Court ruled on Tuesday, marking a setback for corporate de…
