S&P 500 ends flat in wake of Fed minutes
NEW YORK (Reuters) – The S&P 500 finished nearly flat on Wednesday as equity indexes had a muted reaction to the minutes from the U.S. Federal Reserve’s most recent meeting, while Micron’s strong results helped buoy the Nasdaq.
Boeing, manufacturers press U.S. IRS on R&D tax rule changes
WASHINGTON (Reuters) – Boeing Co and other manufacturers asked the U.S. Internal Revenue Service on Wednesday to scrap parts of a proposed rewrite of the federal tax deduction for corporate research and development that they said could make it harder t…
Martoma cannot use testimony from SAC’s Cohen at trial: judge
NEW YORK (Reuters) – Former SAC Capital Advisors portfolio manager Mathew Martoma cannot introduce excerpts from a deposition of his former boss, billionaire Steven A. Cohen, in his defense against criminal insider trading charges, a Manhattan federal …
Macy’s posts strong holiday season sales, gives upbeat 2014 outlook
(Reuters) – Department store operator Macy’s Inc on Wednesday reported strong holiday season sales and gave a preliminary forecast for 2014 that suggests it would continue to outpace its rivals.
U.S. Judge approves JPMorgan criminal settlement in Madoff case
NEW YORK (Reuters) – A federal judge on Wednesday approved an agreement between JPMorgan Chase & Co and U.S. prosecutors to settle charges that the bank violated anti-money laundering laws by failing to alert authorities to warning signs its employees encountered in dealings with convicted Ponzi schemer Bernard Madoff.
U.S. Oct-Dec budget deficit narrows sharply: CBO
WASHINGTON (Reuters) – The U.S. government’s budget deficit fell by more than a third in the first three months of fiscal 2014 to $182 billion, including a $44 billion surplus in December, the Congressional Budget Office estimated on Wednesday.
U.S. Senate panel to mull regulation of banks, physical commodities
(Reuters) – A subcommittee of the powerful Senate Banking Committee has scheduled a hearing for January 15 to discuss regulating Wall Street’s role in physical commodity markets.
S&P 500 ends flat in wake of Fed minutes
NEW YORK (Reuters) – The S&P 500 finished nearly flat on Wednesday as equity indexes had a muted reaction to the minutes from the U.S. Federal Reserve’s most recent meeting, while Micron’s strong results helped buoy the Nasdaq.
Fed wanted cautious approach to QE3 taper: minutes
(Reuters) – As the U.S. Federal Reserve’s top officials debated their decision to scale back a massive bond-buying stimulus program last month, they were keen to steer a delicate path and to make it clear that future decisions were not set in stone.
Exclusive: Apollo seeks to exit fund manager Lighthouse – sources
(Reuters) – Apollo Global Management LLC is looking to cash out on its investment in the owner of Lighthouse Investment Partners LLC, three years it after it backed the fund-of-hedge-funds manager, according to people familiar with the matter.
