Tepid U.S. job growth supports Fed’s cautious stance
WASHINGTON (Reuters) – U.S. employers added far fewer workers than expected in September, suggesting a loss of momentum in the economy that will likely add to the Federal Reserve’s caution in deciding when to trim its monthly bond purchases.
Apple unveils iPad Air, new Macs for holidays
SAN FRANCISCO (Reuters) – Apple Inc on Tuesday offered free upgrades for life on its operating system and business software, and unveiled thinner iPads and faster Mac computers ahead of a competitive holiday shopping season.
Exclusive: Cerberus, others explore deal for Safeway – sources
NEW YORK (Reuters) – A handful of buyout firms, including Cerberus Capital Management LP, are exploring a deal for all or part of supermarket chain Safeway Inc , according to people familiar with the matter, in what could potentially shape up to be one…
Carl Icahn cuts Netflix stake, pockets $800 million profit
NEW YORK (Reuters) – Billionaire investor Carl Icahn has cashed in big on Netflix Inc, taking advantage of a 457 percent gain in its shares since he bought more than 9 percent of the streaming video company only 14 months ago.
Deloitte to pay $2 million to settle charges over audit rule violations
WASHINGTON (Reuters) – Deloitte & Touche will pay a $2 million penalty to settle civil charges that it violated federal audit rules, in one of the largest civil penalties ever imposed by the U.S. audit watchdog.
Twitter obtains $1 billion credit line on road for IPO
SAN FRANCISCO (Reuters) – Twitter Inc has obtained a $1 billion credit line ahead of its initial public offering, the company disclosed Tuesday in an amended investor prospectus.
Universal American, GTCR sue each other over healthcare deal
(Reuters) – Healthcare benefits provider Universal American Corp sued private equity firm GTCR LLC on Tuesday to undo a $222.3 million acquisition it said was induced by fraud, a day after GTCR filed its own lawsuit to block Universal’s claims.
Bank of America: U.S. fraud case is ‘Alice in Wonderland’
NEW YORK (Reuters) – The U.S. government has failed to produce any evidence to show that Bank of America Corp’s Countrywide unit committed mortgage fraud in the run-up to the financial crisis, a lawyer for the bank said on Tuesday.
Exclusive: JPMorgan settlement could cost bank closer to $9 billion
WASHINGTON/NEW YORK (Reuters) – JPMorgan Chase & Co’s preliminary $13 billion mortgage settlement with the U.S. government could end up costing the bank closer to $9 billion after taxes, because the majority of the deal is expected to be tax deductible, two sources familiar with the matter said.
Alcoa shares jump on unusually heavy trading
(Reuters) – Shares of Alcoa Inc surged on Tuesday in an unusually busy day for the aluminum producer, with the stock rising sharply in late-day trading for its biggest one-day move in nearly two years, though the reasons for the move were unclear.
