Wall Street ends mostly flat, but scores weekly gains
NEW YORK (Reuters) – U.S. stock indexes closed mostly flat on Friday, with the Dow snapping a six-day streak of record closing highs after investors took a break from this week’s rally.
U.S. judge expands classes in lawsuits over $34 billion mortgage debt
NEW YORK (Reuters) – A Manhattan federal judge on Friday expanded the scope of class-action litigation accusing banks of concealing the risks of more than $34 billion of mortgage-backed securities prior to the financial crisis.
Hyundai Motor U.S. names new chief, Krafcik out
DETROIT (Reuters) – Hyundai Motor Co said on Friday its U.S. chief, John Krafcik, is stepping down after his contract was not renewed and will be replaced by the U.S. sales chief David Zuchowski.
U.S. bank watchdogs to consider Volcker rule tweak
WASHINGTON (Reuters) – U.S. bank regulators said on Friday they would consider allowing banks to hold on to certain complex securities despite a new rule limiting risky investments.
Big year ends with Wall Street hopeful for 2014
NEW YORK (Reuters) – As Wall Street’s best year in more than 15 draws to a close, few are expecting a repeat performance in 2014, though traders have plenty of reasons to feel optimistic.
Target says PINs stolen, but confident data secure
BOSTON/NEW YORK (Reuters) – Target Corp said PIN data of some customers’ bank ATM cards were stolen in a massive cyber attack at the third-largest U.S. retailer, but it was confident that the information was “safe and secure.”
Swiss banks Lombard Odier and VP Bank sign up to U.S. tax deal
ZURICH (Reuters) – Lombard Odier & Cie and VP Bank (Switzerland) on Friday became the latest Swiss banks to say they would work with U.S. officials in a crackdown on lenders suspected of helping wealthy Americans evade taxes through hidden offshore accounts.
Hyundai Motor U.S. chief Krafcik out, Zuchowski named successor
DETROIT (Reuters) – Hyundai Motor Co said on Friday its U.S. chief, John Krafcik, is stepping down after his contract was not renewed and will be replaced by the U.S. sales chief David Zuchowski.
Nasdaq to compensate firms on December 31 for botched Facebook IPO
NEW YORK (Reuters) – Nasdaq OMX Group Inc will compensate firms on December 31 for qualifying claims related to Facebook Inc’s botched May 2012 initial public offering, the exchange operator said in a note to traders on Friday.
GM recalls 1.5 million cars in China over fuel pump bracket
SHANGHAI (Reuters) – General Motors Co’s China joint venture is recalling 1.46 million cars due to a defect with the fuel pump brackets, in one of the largest safety recalls in the world’s biggest auto market.
