Boeing must decide on F/A-18 production in March 2014: executive
NAVAL AIR STATION PATUXENT RIVER, Maryland (Reuters) – Boeing Co must decide in March 2014 whether to invest tens of millions of dollars to continue production of the F/A-18 fighter jet, a senior Boeing executive said on Monday, underscoring his confid…
EADS breaks layoff taboo in plan to cut 5,800 jobs
PARIS (Reuters) – Airbus parent EADS risked a collision with unions and European politicians by unveiling plans to cut 5,800 mainly defense and space jobs that for a first time include significant forced redundancies, driven by weak European budgets.
Fed’s Fisher wants December taper, clear path to end of QE3
CHICAGO (Reuters) – The Federal Reserve should start to trim its massive bond-buying program next week, and spell out a clear path for phasing it out altogether, a top Fed official said on Monday.
Sysco to buy US Foods from private equity, shares leap
(Reuters) – Sysco Corp will buy US Foods Inc for about $3.5 billion from its private equity owners in a deal that will combine the top two U.S. food distributors and create a company commanding at least a quarter of the $235 billion North American mark…
Twitter shares soar, near all-time high
SAN FRANCISCO (Reuters) – Twitter shares soared more than 9 percent on Monday to their highest level since the company’s initial public offering after a spate of product announcements that could boost its revenue prospects.
Analysis: Bond funds end bad year with another headache: tax-loss selling
NEW YORK (Reuters) – As the calendar closes down on 2013, many U.S. money managers are finding themselves in an unfamiliar position: selling some of the bond funds that have long been mainstays of their clients’ portfolios.
Household net worth hits record high in third quarter
WASHINGTON (Reuters) – Household net worth hit a record high in the third quarter as home prices marched up and the value of stocks and mutual funds surged, a hopeful sign for the economic recovery.
Fed could do ‘small’ QE3 taper to recognize job gains: Bullard
(Reuters) – Improvements in the U.S. job market make reductions to the Federal Reserve’s massive bond-buying program more likely, a top Fed official said on Monday, suggesting the central bank could start small and reassess in the first half of 2014.
Fed’s Lacker: Risks of further bond-buying outweigh benefits
CHARLOTTE, North Carolina (Reuters) – Further monetary stimulus is unlikely to do much to help the U.S. economy and the risks of pressing ahead with the policy outweigh the benefits, a top Federal Reserve official said on Monday.
SEC accountant wary of audit firms’ push into consulting
WASHINGTON (Reuters) – The Securities and Exchange Commission’s top accountant on Monday urged accounting firms to think carefully before acquiring non-audit related consulting businesses, warning such moves could damage their independence and credibil…
