Asian shares soggy on Fed uncertainty, euro under water
SYDNEY (Reuters) – Asian stock markets got off to a tentative start on Wednesday after upbeat U.S. data fanned speculation the Federal Reserve could start slowing its asset buying as early as next month, lifting bond yields and the dollar.
U.S. judge won’t rubber-stamp SAC insider trade decision
NEW YORK (Reuters) – A Manhattan federal judge signaled on Tuesday that he will not rubber-stamp a central component of billionaire Steven A. Cohen’s SAC Capital Advisors LP’s record $1.2 billion insider trading settlement with the government, saying h…
MF Global commodity trader customers to get all their money back
NEW YORK (Reuters) – The trustee of MF Global’s defunct brokerage received approval from a bankruptcy judge on Tuesday for a plan that will repay its former commodity trader customers in full.
Office Depot closes deal to buy OfficeMax
NEW YORK (Reuters) – Office Depot Inc on Tuesday closed its deal to buy smaller rival OfficeMax Inc but both U.S. office retailers reported third-quarter results that missed Wall Street’s profit targets, underscoring the challenges the combined company…
Washington governor to announce tentative deal on Boeing 777X
SEATTLE (Reuters) – Washington State Governor Jay Inslee is set to announce a major agreement on Tuesday that would bring key parts of Boeing Co’s newest jet program, the 777X, to the Seattle area.
Fox earnings miss forecasts after cable investments
LOS ANGELES (Reuters) – Rupert Murdoch’s 21st Century Fox Inc TV and film company reported quarterly earnings on Tuesday that missed Wall Street expectations, hurt by investments in new cable channels and a weaker performance from its movie releases.
UK businessman accused of corrupt Bahrain payments
LONDON (Reuters) – A British prosecutor alleged on Tuesday that London-based businessman Victor Dahdaleh made “corrupt payments” of over 40 million pounds ($63 million) to the former chairman and chief executive of a Bahraini aluminum smelter to secure…
Former Ecuadorian judge denies fraud, defends Chevron ruling
NEW YORK (Reuters) – The former Ecuadorean judge who issued a $19 billion pollution judgment against Chevron Corp testified on Tuesday that he wrote the ruling alone, two weeks after another judge testified that he had been paid to ghostwrite much of t…
Dow, S&P 500 down after two-day winning streak; Tesla plunges on outlook
NEW YORK (Reuters) – The Dow and the S&P 500 ended lower on Tuesday following two sessions of gains as investors weighed the implications of strong economic data for the path of monetary policy over the next several months.
Analysis: U.S. stocks tied to optional consumer spending look expensive
NEW YORK (Reuters) – Companies that sell consumer goods, such as electronics, cars and appliances, are leading the U.S. market in earnings and share gains, but high valuations and fund managers’ big weightings in the sector pose major investment risks….
