Twitter options trading is orderly on first day
CHICAGO/NEW YORK (Reuters) – The first day of trading options in Twitter Inc appears to be orderly so far, a week after the social media company debuted in the U.S. equity market.
Judge rules against ResCap noteholders, knocks legal tactics
(Reuters) – Residential Capital LLC, a bankrupt mortgage lender, won a court ruling on Friday that it does not owe approximately $340 million in interest claimed by junior secured noteholders.
Starbucks loses ‘Charbucks’ appeal
NEW YORK (Reuters) – Starbucks Corp has failed to persuade a federal appeals court to stop a small, family-owned New Hampshire roaster from selling coffee known as “Charbucks.”
Reluctant Germany casts cloud over Europe’s bank revamp
BRUSSELS (Reuters) – European countries pledged on Friday to stand by banks found to be struggling after health checks next year as Germany pushed for investors to bear the brunt of repairing lenders to spare the use of euro zone funds.
White House expresses confidence in Yellen Fed nomination
WASHINGTON (Reuters) – The White House on Friday expressed confidence in President Barack Obama’s choice to lead the Federal Reserve, Janet Yellen, and called on the Senate not to hold up her confirmation.
U.S. factory expansion broadens even as autos weigh
WASHINGTON (Reuters) – U.S. manufacturing output rose for a third straight month in October even as automobile production fell, suggesting a broadening in activity in a sector regaining momentum after a slump early this year.
Barclays Europe retail aims for 500 million pounds profit after revamp
LONDON (Reuters) – Barclays retail operations in Italy, Spain, France and Portugal will return to profit in two years and could deliver 500 million pounds ($805 million) of annual earnings once a turnaround of the business takes hold.
Twitter dominates action in busy U.S. options market
CHICAGO/NEW YORK (Reuters) – The first day of trading options in Twitter was an active one, with more than 50,000 contracts trading in less than two hours on Friday, a week after the social media name debuted in the equity market.
Banks to repay 3.6 billion euros of crisis loans: ECB
FRANKFURT (Reuters) – Banks will next week return 3.59 billion euros ($4.8 billion) of crisis loans early to the European Central Bank, the ECB said on Friday, a lower than expected total as a recent rate cut makes it more attractive to hold on to the …
U.S. Postal Service narrows loss for 2013 fiscal year
WASHINGTON (Reuters) – The U.S. Postal Service (USPS) said on Friday its 2013 fiscal-year loss narrowed to $5 billion from nearly $16 billion in the prior year.
