U.S. business borrowing for equipment falls 6 percent in September
(Reuters) – U.S. companies borrowed less to spend on capital investment last month, the Equipment Leasing and Finance Association said.
Cohen’s SAC will close London office by year-end: memo
NEW YORK (Reuters) – Steven A. Cohen’s SAC Capital Advisors will shut its London office by the end of the year as the hedge fund downsizes in response to a long-running insider trading investigation, according to a memo sent to staff on Tuesday.
U.S. regulators say no fair-lending problem with new mortgage rules
WASHINGTON (Reuters) – U.S. regulators on Tuesday said they do not expect lenders to run afoul of fair-lending laws if they opt to issue only the most basic mortgages after tough new rules take effect in 2014.
EMC cuts full-year forecast due to U.S. government shutdown
(Reuters) – EMC Corp , the world’s largest data storage equipment maker, cut its full-year forecast because of the two-week U.S. government shutdown, sending its shares down 4 percent.
Analysts raise Netflix targets but ask if shares now too high
(Reuters) – Strong subscriber gains by Netflix Inc prompted analysts to sharply raise price targets on the stock, even as some worried that the shares are getting expensive as the online online video company faces bigger bills for original programs.
Verizon hires prominent executive from EMC’s security division
BOSTON (Reuters) – Verizon Communications Inc has hired a prominent executive away from EMC Corp’s RSA security division as the carrier looks to expand offerings of services to help businesses protect data and fight cyber attacks.
Goldman Sachs cuts ownership in UK insurer
LONDON (Reuters) – Goldman Sachs has sold most of its stake in Rothesay Life, a UK insurer founded and run by one of its former partners, freeing up capital to meet stricter regulatory requirements.
Italy judge confirms custody for ex-UBS banker wanted in U.S.
BOLOGNA, Italy (Reuters) – An Italian judge ruled on Tuesday that Raoul Weil, the ex-UBS banker wanted in the United States over allegations of helping Americans dodge taxes, must remain in custody while awaiting possible extradition, a judicial source…
Osborne says growth alone won’t fix British deficit
LONDON (Reuters) – Britain’s finance minister vowed to stick to the path of austerity, saying economic recovery on its own would not be enough to fix the budget deficit and the causes of over-spending still needed to be addressed.
Analysts raise Netflix targets but ask if shares now too high
(Reuters) – Strong subscriber gains by Netflix Inc prompted analysts to sharply raise price targets on the stock, even as some worried that the shares are getting expensive as the online online video company faces bigger bills for original programs.
