JP Morgan puts London FX chief on leave, Citi reported to do same
LONDON (Reuters) – JP Morgan has put its chief currency dealer in London, Richard Usher, on leave, a source familiar with the matter said on Wednesday, and Bloomberg reported Citigroup Inc had done the same with its chief dealer.
S&P 500’s rally ends after Fed; Expedia up late
NEW YORK (Reuters) – U.S. stocks fell on Wednesday, with the S&P 500 snapping a four-day streak of gains after the Federal Reserve said it had a weaker growth outlook for the economy, even as it held steady with its stimulus program for the time being.
Barrick mulls options to raise cash, reduce debt: sources
TORONTO (Reuters) – Barrick Gold , which is attempting to reduce its debt load, is considering a wide range of options from a strategic equity investment to further streaming deals that yield upfront cash, according to several sources familiar with the…
Cargill bans Zilmax from beef supply until issues resolved
CHICAGO (Reuters) – Cargill Inc, one of the world’s largest beef processors, threw a wrench into Merck & Co.’s plans to reintroduce its feed additive Zilmax, stating it will not accept Zilmax-fed beef into the Cargill supply chain “until we are 100 percent confident the animal welfare issues are resolved.”
Fed maintains strong stimulus as U.S. growth stumbles
WASHINGTON (Reuters) – The Federal Reserve extended its support for a soft U.S. economy on Wednesday, sounding a bit less optimistic about growth as it announced plans to keep buying $85 billion in bonds per month.
Trick or Treat? Grain hedgers haunted by the ghost of MF Global
CHICAGO (Reuters) – Two years ago on Halloween thousands of U.S. grain farmers got the scare of their lives when broker MF Global collapsed and more than a billion dollars of their money went missing.
US Airways, American drawing up proposed settlement: report
WASHINGTON (Reuters) – US Airways and American Airlines will offer to give up some takeoff and landing slots at Washington, D.C.’s Ronald Reagan National Airport as part of a attempt to get the U.S. Justice Department to allow their merger to proceed, …
Boeing to place much of 777X design work outside Seattle
NEW YORK (Reuters) – Boeing Co has decided to place a significant amount of design work for its new 777X jetliner in a handful of cities around the U.S. and overseas, moving work outside the Seattle area where the current 777 was designed and is being …
Lululemon hires Kmart executive as product chief
TORONTO (Reuters) – Lululemon Athletica Inc , the fast-growing retailer of premium workout clothes, has hired an executive from U.S. discount chain Kmart to lead its global merchandising and design team, but offered no news on its hunt for a chief exec…
BOJ eyes slight upgrade in forecast, to maintain policy
TOKYO (Reuters) – The Bank of Japan is expected to slightly revise up its economic growth forecast to around 1.5 percent for the next fiscal year at a policy review on Thursday on hopes a government’s stimulus package will offset slowing exports to Asi…
