Wall Street Week Ahead: Focus on Facebook, Apple and the Fed
NEW YORK (Reuters) – The Federal Reserve meeting next week is not on the minds of as many people as when it met in September, but its decision to do nothing last month is providing the fuel for more share gains in Apple and Facebook, which report resul…
Orrick, Pillsbury in talks to form big 10 U.S. law firm
NEW YORK (Reuters) – Two U.S. law firms are in advanced merger discussions to create one of the 10 largest in the country, according to the firms’ chairmen.
Bunge’s new chief challenges status quo in first months on job
CHICAGO (Reuters) – Soren Schroder is shaking up Bunge Ltd five months after taking the helm of the 195-year-old agricultural trading house.
Mexican billionaire Slim ups stake in America Movil
MEXICO CITY (Reuters) – Billionaire businessman Carlos Slim has increased his indirect stake in America Movil to about 15.8 percent since August, according to filings with the U.S. Securities and Exchange Commission.
Toyota settles U.S. acceleration case after $3 million verdict
(Reuters) – Toyota Motor Corp reached a deal on Friday to resolve a lawsuit in the United States over unintended acceleration issues, one day after a jury found the Japanese carmaker liable and ordered it to pay $3 million for defects that caused a 200…
Fannie Mae, Freddie Mac end traditional pension plans
(Reuters) – Fannie Mae and Freddie Mac on Friday said they will terminate their traditional employee pension plans by the end of the year, at the direction of the regulator of the government-controlled mortgage companies.
Ketchup changeup: McDonald’s dropping Heinz after CEO change
(Reuters) – World’s biggest fast-food chain seeks new ketchup for its famous french fries.
Barclays found liable in $300 million Black Diamond dispute
NEW YORK/LONDON (Reuters) – British bank Barclays Plc breached a derivative agreement with a Black Diamond Capital Management unit and must return an estimated $297 million in collateral to the hedge fund, a divided New York state appeals court ruled o…
S&P 500 ends at record high, boosted by tech results
NEW YORK (Reuters) – The S&P 500 ended at another record high on Friday, boosted by gains in technology shares after strong results from Microsoft and Amazon.com.
Senator Paul plans ‘hold’ on Yellen Fed nomination
WASHINGTON (Reuters) – Republican U.S. Senator Rand Paul threatened on Friday to put a ‘hold’ on the nomination of Janet Yellen to be chair of the Federal Reserve unless he gets a vote on a bill he has sponsored to put the central bank under more scrut…
