Bank of Canada sees less volatility from Fed tapering
(Reuters) – Market volatility spurred by the U.S. Federal Reserve’s plans to scale back its massive stimulus program is far less of a concern now than it was earlier this year, Bank of Canada Governor Stephen Poloz told Reuters on Tuesday.
BlackBerry names John Sims to lead enterprise unit
TORONTO (Reuters) – BlackBerry Ltd said on Tuesday that John Sims will join the company as head of its global enterprise services business.
JPMorgan sued by Mississippi AG over credit card misconduct
(Reuters) – JPMorgan Chase & Co was sued on Tuesday by Mississippi Attorney General Jim Hood, who accused the largest U.S. bank of violating state consumer protection laws in its alleged pursuit of delinquent payments by credit card customers.
HP CEO gets big pay hike after 2013 stock rally
SAN FRANCISCO (Reuters) – Hewlett-Packard Chief Executive Meg Whitman gave up her symbolic $1 salary and now draws an annual base salary of $1.5 million, reflecting the 93 percent rise in the company’s stock so far this year.
U.S. preparing civil charges against Citigroup, Merrill Lynch: sources
(Reuters) – The Justice Department is preparing to file civil fraud charges against Citigroup Inc and Bank of America’s Merrill Lynch unit over their sale of flawed mortgage securities ahead of the financial crisis, according to people familiar with th…
U.S. Treasury cautions Bitcoin businesses on legal duties
ST. LOUIS (Reuters) – The U.S. Treasury Department’s anti money-laundering unit is warning businesses linked to the digital currency Bitcoin that they may have to comply with federal law and regulation as money transmitters, a Treasury spokesman said.
American Air, Cantor Fitzgerald settle 9/11 suit for $135 million
NEW YORK (Reuters) – American Airlines Group Inc and its insurers have agreed to pay $135 million to Cantor Fitzgerald to settle the financial services company’s lawsuit over business and property losses suffered in the September 11 attacks on the Worl…
Wall Street ends slightly lower on day before Fed statement
NEW YORK (Reuters) – U.S. stocks closed slightly lower on Tuesday, with investors reluctant to make big bets before the results of a Federal Reserve meeting that could give some clarity as to when the central bank will begin trimming its stimulus.
S&P says U.S. credit ratings unaffected by bipartisan budget act
(Reuters) – Standard & Poor’s Ratings Services said on Tuesday that the credit ratings on the United States are unaffected by the bipartisan budget deal that passed the House last week and is now awaiting a final vote in the Senate.
Ex-SAC manager Martoma fails to end part of insider case
NEW YORK (Reuters) – A federal judge on Tuesday rejected former SAC Capital Advisors LP portfolio manager Mathew Martoma’s request to dismiss some insider trading charges because they were based on transactions not covered under U.S. securities laws.
