ECB can cut rates further, offer liquidity: Coeure
PARIS (Reuters) – The European Central Bank can trim interest rates further and provide the banking system with liquidity, ECB Executive Board member Benoit Coeure said on Saturday after last week’s rate cut to a record low.
Hyundai, union stuck in a marriage of inconvenience
SEOUL (Reuters) – It takes twice as long on average – over 28 hours – for Hyundai Motor Co to make a car in South Korea than in the United States, even though its domestic plants have far more workers for each production line.
SAC Capital pleads guilty in criminal court
NEW YORK (Reuters) – Steven A. Cohen’s SAC Capital Advisors hedge fund pleaded guilty to fraud charges Friday as part of a $1.2 billion deal to resolve a long-running insider trading investigation, but it did not completely resolve the certainty of the…
Bernanke, other policymakers point to weakness in labor market
OXFORD, Miss./LOS ANGELES (Reuters) – Despite signs of improvement in the U.S. labor market, there is plenty of room for the jobless rate to fall further, Federal Reserve Chairman Ben Bernanke and two other top policymakers said on Friday, in comments …
Barrick Gold signals founder Peter Munk to step down
TORONTO/NEW YORK (Reuters) – Barrick Gold Corp signaled on Friday that founder and Chairman Peter Munk will likely leave the board at next year’s annual meeting, a move that sources say is intended to persuade reluctant investors to buy into the miner’…
Investors to keep focus on Fed for tapering clues
NEW YORK (Reuters) – The U.S. stock market’s rally could be put to the test next week if comments from Federal Reserve officials including Janet Yellen add to views the central bank could be scaling back its stimulus plan sooner rather than later.
Boeing to break ground next week on South Carolina facility
CHARLESTON, South Carolina (Reuters) – Boeing Co said it would break ground on Tuesday for a propulsion facility in North Charleston, South Carolina, expanding its facilities in the nonunion state.
Bank of America seeks U.S. mortgage bond lawsuits dismissal
WASHINGTON (Reuters) – Bank of America Corp asked a federal court on Friday to throw out two U.S. government lawsuits accusing the nation’s second-largest bank of defrauding investors during the financial crisis.
ICE’s takeover of NYSE to close on November 13
(Reuters) – IntercontinentalExchange Inc said its takeover of NYSE Euronext would close on November 13, after clearing final regulatory hurdles on Friday.
SAC Capital pleads guilty in criminal court
NEW YORK (Reuters) – Steven A. Cohen’s SAC Capital Advisors hedge fund pleaded guilty to fraud charges Friday as part of a $1.2 billion deal to resolve a long-running insider trading investigation, but it did not completely resolve the certainty of the…
