Nasdaq closes above 4,000 for first time in 13 years
NEW YORK (Reuters) – The Nasdaq composite index closed above 4,000 on Tuesday for the first time since 2000, while the Dow and S&P ended barely changed.
HP enterprise sales pickup stirs turnaround hopes
SAN FRANCISCO (Reuters) – Hewlett-Packard Co beat revenue forecasts as sales growth in its enterprise group inspired cautious optimism about the company’s turnaround plan, and its shares rallied more than 7 percent.
U.S. watchdog gives foreign banks more time on swap rules
WASHINGTON (Reuters) – The U.S. swaps regulator issued a temporary reprieve from its rules for foreign banks after closing a loophole that had allowed trading to continue outside regulated platforms in the United States.
German watchdog starts probe into gold price-fixing: report
FRANKFURT (Reuters) – Germany’s financial watchdog BaFin has started a probe into suspected manipulation of benchmark gold and silver prices by banks, the Wall Street Journal Deutschland website reported on Tuesday.
OSX Brasil board elects Euchério Rodrigues Chief Executive
RIO DE JANEIRO (Reuters) – OSX Brazil SA, the shipbuilding company controlled by Brazilian tycoon Eike Batista, said on Tuesday that its board of directors elected Euchério Lerner Rodrigues chief executive officer, a move that comes a day after a judge approved the company’s bankruptcy-protection plan.
Housing data brightens U.S. economic growth outlook
WASHINGTON (Reuters) – Permits for future U.S. home construction hit a near 5-1/2 year-high in October and prices for single-family homes notched big gains in September, suggesting a run-up in mortgage interest rates has not derailed the housing recove…
UK’s Serious Fraud Office may launch RBS criminal probe -report
(Reuters) – Britain’s Serious Fraud Office is considering the possibility of launching a criminal investigation into allegations that Royal Bank of Scotland mistreated struggling small businesses, the Financial Times reported on Tuesday, citing five pe…
U.S. fines Weatherford $253 million over Iran work, junkets
WASHINGTON (Reuters) – Oilfield services firm Weatherford International will pay $253 million in fines to the U.S. government to settle charges that ranged from flouting sanctions against Iran and Syria to sending business partners on World Cup soccer …
Exclusive: U.S. expands China hiring probe to Morgan Stanley
(Reuters) – The U.S. Justice Department is probing Morgan Stanley for its hiring practices in China, according to a person familiar with the matter.
U.S. trial ends over Ecuador pollution judgment against Chevron
NEW YORK (Reuters) – An attorney for Chevron Corp on Tuesday accused U.S. lawyer Steven Donziger of orchestrating an international criminal conspiracy by using bribery and fraud in Ecuador to secure a multibillion-dollar pollution judgment against the …
