Wall St. closes flat after Fed comments
NEW YORK (Reuters) – U.S. stocks ended a volatile session mostly flat on Friday as investors digested comments from Federal Reserve officials that raised questions about how quickly the central bank will end its stimulus program.
Fed no less committed to stimulus after cut to QE: Bernanke
PHILADELPHIA (Reuters) – The U.S. Federal Reserve is no less committed to highly accommodative policy now that it has trimmed its bond-buying stimulus, Ben Bernanke said on Friday in what could be his last speech as Fed chairman.
Carlyle unveils its first mutual funds
(Reuters) – Carlyle Group LP is preparing to launch its first two publicly listed mutual funds, according to a regulatory filing by the latest alternative asset manager seeking to offer its investment platform to retail investors in this way.
AT&T pushes to lure T-Mobile customers; may herald price war
NEW YORK (Reuters) – AT&T Inc on Friday offered customers of No.4 U.S. mobile provider T-Mobile U.S. Inc a $200 credit to switch to its service, firing the first volley this year in what may become a price war that benefits consumers but plays havoc with profits across the industry.
Pimco Total Return has record $41.1 billion outflow in 2013: Morningstar
NEW YORK (Reuters) – The Pimco Total Return Fund, the world’s largest bond fund, saw its assets sink by a record $41.1 billion last year after a mistaken bet on U.S. Treasuries resulted in the fund’s worst annual performance in nearly two decades.
Detroit manager sought SEC probe of banks over interest rate swaps
DETROIT (Reuters) – Detroit asked a U.S. regulator to consider bringing charges against two banks for costly interest-rate swaps that factored in the city’s record-setting municipal bankruptcy case, Detroit Emergency Manager Kevyn Orr testified on Frid…
U.S. auto sales hit six-year high, December disappoints
DETROIT (Reuters) – The U.S. auto industry limped to its best year since the boom times before 2008 as results came up short in December as a late Thanksgiving holiday robbed sales from the year’s final month.
Analysis: U.S. Treasuries seen weakening in 2014 but rout unlikely
NEW YORK (Reuters) – Investors who bet heavily on Treasuries took a beating in 2013, and as the Fed winds down its bond buying, they face the risk of a second straight losing year, something that has not happened in four decades.
Wall St. closes flat after Fed comments
NEW YORK (Reuters) – U.S. stocks ended a volatile session mostly flat on Friday as investors digested comments from Federal Reserve officials that raised questions about how quickly the central bank will end its stimulus program.
Harbinger knocks Dish’s bid for LightSquared’s spectrum
NEW YORK (Reuters) – Phil Falcone’s Harbinger Capital Partners, which controls bankrupt satellite company LightSquared, has asked a judge to reject a takeover effort by Dish Network Corp, saying its $2.2 billion bid for a chunk of LightSquared’s spectr…
