Wells Fargo sweetens brokers’ deferred pay, retirement incentives
NEW YORK (Reuters) – Wells Fargo Advisors outlined its 2014 compensation plan for retail brokers on Thursday, dramatically increasing the deferred compensation brokers can receive for meeting revenue goals, making more brokers eligible for expense acco…
Mortgage case against Deutsche Bank filed too late: NY court
NEW YORK (Reuters) – A unit of Deutsche Bank AG won dismissal Thursday of a $330 million mortgage securities lawsuit, in a victory for banks who claim the statute of limitations has expired on many such cases.
Dow inches up to record close on quiet trading day
NEW YORK (Reuters) – U.S. stocks finished mostly flat on Thursday as investors paused after a rally in the previous session, though the Dow closed at its second record high in a row.
U.S. jobs to increase 10.8 percent by 2022, labor growth to slow
WASHINGTON (Reuters) – The number of United States jobs is forecast to increase by 10.8 percent in the next decade, with fastest growth in the healthcare sector as it serves an aging population.
Bell Helicopter sees new aircraft matching Asia pivot
FORT WORTH, Texas (Reuters) – The tilt-rotor aircraft that Textron Inc’s Bell Helicopter is designing for a U.S. Army competition would help troops travel longer distances as the military shifts focus to the Asia-Pacific region, a company official said…
Analysis: Rise of shareholder activism gives bond investors headaches
NEW YORK (Reuters) – When shareholder activist Carl Icahn turned up the heat on Apple in October, demanding a massive $150 billion share buyback, bond investor Bill Gross wasn’t having any of it.
France soothes nerves over Dassault jets after Brazil setback
PARIS (Reuters) – France’s defense minister played down another sales failure for Dassault’s Rafale fighter jet in Brazil, saying he was confident there would soon be better news from tenders in India and Gulf Arab countries.
Rising stocks push U.S. public pension assets to record highs
WASHINGTON (Reuters) – The holdings of U.S. public pensions again reached record highs during the third quarter, as the stock market surged and governments and employees pitched in billions of dollars, according to U.S. Census data released on Thursday…
Housing, jobs data weaken, but overall economic picture still upbeat
WASHINGTON (Reuters) – U.S. home resales hit a near one-year low in November and new filings for unemployment benefits unexpectedly rose last week, putting a wrinkle in an otherwise brightening economic picture.
Darden, under pressure, to spin off or sell Red Lobster
(Reuters) – Darden Restaurants Inc said it would spin off or sell its floundering Red Lobster chain, bowing to pressure from hedge fund Barington Capital Group, and warned that earnings would fall more than expected this year due to weak demand.
