U.S. to put SAC hedge fund out of business over insider trading
NEW YORK (Reuters) – Steven A. Cohen faces an abrupt end to his career as one of the world’s most successful traders after his SAC Capital Advisors became the largest Wall Street firm in years to agree to plead guilty to criminal charges of insider tra…
AIG may sue Morgan Stanley over mortgage securities: SEC filing
NEW YORK (Reuters) – American International Group Inc may file a lawsuit against Morgan Stanley related to $3.7 billion worth of mortgage securities that the investment bank sponsored or underwrote from 2005 to 2007, and which AIG purchased, according …
Twitter boosts IPO range amid strong investor demand
NEW YORK/SAN FRANCISCO (Reuters) – Twitter Inc raised the top end of its IPO price range by 25 percent and will close its books a day early, signaling strong demand for the most closely watched Silicon Valley debut since Facebook Inc last year.
GM executive defends company on Facebook, then closes account
DETROIT (Reuters) – A top General Motors executive deactivated his Facebook account on Monday after he responded to a website that wrote dismissively about the company’s shrinking U.S. auto market share.
Fed in no rush to cut bond buys, top policymakers say
SAN FRANCISCO/BOSTON (Reuters) – The Federal Reserve should scale back its asset purchases only when the U.S. economy shows clearer signs of improvement and even then it should act slowly, one senior central banker said on Monday, while two others stre…
Boeing seen in advanced talks to make 777X near Seattle
(Reuters) – Boeing is in advanced talks with its machinists’ union to assemble the company’s new 777X jet and build its wings in the Seattle area, several people familiar with the negotiations told Reuters.
Deutsche Bank co-CEO Fitschen named suspect in Kirch case
MUNICH, Germany (Reuters) – German prosecutors named Deutsche Bank Co-Chief Executive Juergen Fitschen as a suspect on Monday in a dispute over the collapse of the Kirch media empire, adding to the bank’s growing list of legal problems.
Analysis: Asia’s post-September market rally runs out of gas
SINGAPORE (Reuters) – Investors’ appetite for emerging Asia stocks, bonds and currencies is spent, and for reasons that go beyond the overriding question of when and how the U.S. Federal Reserve will reverse its loose policies.
BlackBerry calls off sale, spurring doubts and stock plunge
TORONTO (Reuters) – BlackBerry Ltd abandoned on Monday its plan to sell itself and said its CEO is stepping down, sparking a 16 percent dive in its share price and raising fears the struggling smartphone maker is running out of options.
Wall Street edges up in choppy trade; BlackBerry slumps
NEW YORK (Reuters) – U.S. stocks ended higher on Monday in light trading volume as investors were reluctant to make big bets with S&P 500 index just below the all-time closing high.
