Dow ends at record high in light trade; focus on Fed
NEW YORK (Reuters) – U.S. stocks edged up on Monday, lifting the Dow to another record closing high in light volume on Veterans Day while investors turned their focus to how soon the Federal Reserve may begin reducing stimulus.
OSX becomes second Batista company to file for bankruptcy
RIO DE JANEIRO (Reuters) – Brazilian shipbuilder OSX Brasil SA filed for bankruptcy protection on Monday, becoming the second company controlled by former billionaire Eike Batista to seek court protection from creditors in just over a week.
Analysis: U.S. retailers tread tight path in shortened holiday race
NEW YORK (Reuters) – U.S. retailers have little room for error in the fast-approaching and shortened holiday shopping season, a period that typically generates 30 percent of annual sales.
Mexico to identify possible telecom antitrust targets ‘very soon’
MEXICO CITY (Reuters) – Mexico’s new telecommunications watchdog said on Monday it may identify this month which companies dominate the local market, likely paving the way for tougher regulation against telecom company America Movil and broadcaster Tel…
China to unveil 10-year reform plan, expectations toned down
BEIJING (Reuters) – China’s leaders will unveil a reform agenda for the next decade on Tuesday, seeking to balance the need to overhaul the world’s second-largest economy as it loses steam with preserving stability and to reinforce the Communist Party’…
Alitalia calls board meeting, may discuss job cuts
MILAN (Reuters) – Italian airline Alitalia has called a board meeting for Wednesday to discuss a revised industrial plan for the loss-making carrier that could include heavy job losses, sources familiar with the situation said on Monday.
Maserati, Chrysler shuffle executives
DETROIT (Reuters) – Chrysler Group LLC executive Saad Chehab has been named chief marketing officer of the sports luxury automaker Maserati brand worldwide, the two companies announced on Monday.
U.S. should get mortgage firm data for probe, judge says
(Reuters) – A federal judge on Monday recommended that a large firm that reviewed mortgages for Wall Street banks turn over e-mails and other data that may help the government decide which banks to sue for packaging shoddy mortgages into securities tha…
Moody’s, S&P and Fitch sued over failed Bear Stearns funds
NEW YORK (Reuters) – The liquidators of two Bear Stearns hedge funds filed a lawsuit on Monday against the three major U.S. rating agencies, accusing them of fraudulently assigning inflated ratings to securities in the run-up to the financial crisis.
Disney video game executive to leave post
LOS ANGELES (Reuters) – Media company Walt Disney Co said on Monday it had reorganized its interactive unit, which houses video games and online properties, and that Co-President John Pleasants will leave his current post.
