Sturdy jobs report eyed, may put December Fed taper on table
WASHINGTON (Reuters) – U.S. job growth likely remained solid in November, with the unemployment rate falling, which could bring the Federal Reserve a step closer to curtailing its massive monetary stimulus.
EU to hold marathon talks on new securities law
LONDON (Reuters) – Negotiations over sweeping changes to European Union securities market rules enter what may be the final stretch on Wednesday with several key elements already agreed.
Early start hurts Black Friday sales, Cyber Monday hits record
(Reuters) – U.S. retailers rolled out holiday promotions earlier in November this year, denting sales growth over the Thanksgiving weekend that typically marks the beginning of the holiday spending period, according to data released Tuesday by ShopperT…
Businesses win in U.S. court ruling on worker arbitration pacts
(Reuters) – U.S. employers can use arbitration agreements to require employees to resolve disputes on an individual basis, a federal appeals court has ruled, marking a victory for companies and a setback for labor groups
Fed should give more detail on rate hike plans: Williams
SAN FRANCISCO (Reuters) – The Federal Reserve needs to be more aggressive in providing detail on what would lead it to eventually raise interest rates in order to prevent uncertainty among investors that could rile markets and hurt the economic recover…
Japan economic package to total $182 billion: sources
TOKYO (Reuters) – A Japanese government spending package, aimed at bolstering the economy ahead of a national sales-tax hike, will total about $182 billion, people familiar with the process said on Wednesday.
Convicted ex-Tyco CEO Kozlowski to be freed on parole
NEW YORK (Reuters) – Dennis Kozlowski, the former Tyco International Ltd chief executive sent to prison eight years ago for looting the company of more than $100 million, was granted parole Tuesday, according to New York state officials.
Sycamore in lead for Men’s Wearhouse’s K&G chain: sources
NEW YORK (Reuters) – Sycamore Partners LLC is in advanced talks to acquire off-price chain store K&G from Men’s Wearhouse Inc , the clothing retailer embroiled in a takeover battle with Jos. A. Bank Clothiers Inc , according to four people familiar with the matter.
Exclusive: Wal-Mart keeps Bank of America to run $18 billion 401(k) plan
NEW YORK (Reuters) – Wal-Mart Stores Inc is sticking with Bank of America’s Merrill Lynch unit to run its 401(k) program with $18 billion in assets, Wal-Mart confirmed on Tuesday.
U.S. regulators plan December 10 Volcker rule vote
WASHINGTON (Reuters) – Wall Street banks will get the final decision about a controversial ban on betting with their own money next week after years of debate, as three U.S. regulators each announced meetings to vote on the Volcker rule.
