Kodak bankruptcy advisers likely to see $240 million payday
NEW YORK (Reuters) – A lawyer tasked with reviewing advisers’ fees in Eastman Kodak Co’s bankruptcy on Thursday gave his blessing to more than $240 million in bills, priming them for court approval next week.
Exclusive – Comcast to sell movies for download, streaming: sources
LOS ANGELES (Reuters) – Comcast Corp plans to start selling movies for download and streaming through the cable operator’s set-top boxes and its Xfinity TV website, according to people with knowledge of the plan.
Yellen gets gentle questioning, even from Fed’s Republican critics
WASHINGTON (Reuters) – Janet Yellen’s hopes of becoming the first woman to lead the Federal Reserve got a boost on Thursday when she sailed through her Senate confirmation hearing with only mild questioning from some of the Fed’s fiercest Republican cr…
Sotheby’s, BofA, J.C. Penney attract hedge fund buyers
NEW YORK/BOSTON (Reuters) – Top U.S. hedge fund managers in the third quarter bought and sold shares of such hotly debated companies as Herbalife Ltd , J.C. Penney Co and Sotheby’s .
Germany challenges use of euro zone cash to repair banks
BRUSSELS (Reuters) – Germany challenged a central plank of plans to forge a banking union in the euro zone on Thursday, arguing against the use of the currency bloc’s funds to help lenders exposed as dangerously weak by health checks next year.
Dow, S&P 500 end at records after Yellen hearing; Cisco sinks
NEW YORK (Reuters) – The Dow and the S&P 500 index ended at new highs on Thursday after comments from Janet Yellen, the U.S. Federal Reserve Chair nominee, suggested the Fed’s accommodative policies would continue as long as the economy remains fragile.
Kimberly-Clark pursues spin-off of health care business
(Reuters) – Kimberly-Clark Corp , the maker of Kleenex tissues, said its board authorized a potential spin-off of its health care business, sending its shares up 6 percent in extended trading.
Exclusive: Red Kite in rare winning streak for physical commodity fund
NEW YORK (Reuters) – Metals merchant and hedge fund Red Kite Group is on track to its third year of double-digit gains, investor reports showed, indicating a rare winning streak among commodity firms aiming to be profitable in both physical trading and…
Fed should be tougher on large banks, Yellen says
WASHINGTON (Reuters) – Big banks can still borrow more cheaply than competitors and should face tougher rules, the prospective new head of the U.S. Federal Reserve told lawmakers on Thursday.
Banks may lose perk as Fed mulls cutting rate on excess cash
NEW YORK (Reuters) – Talk that banks may lose an interest rate perk for parking excess cash with the Federal Reserve was revived on Thursday, after Janet Yellen said the U.S. central bank may consider cutting the rate.
