In debate over bubbles, one Fed official warns against tighter policy
CHICAGO/BOSTON (Reuters) – The Federal Reserve should be “extraordinarily careful” about hiking interest rates to head off potential risks to financial stability, a top U.S. central banker said on Friday, warning about consequences to the economy.
Prudential says will not appeal U.S. council’s systemic tag
WASHINGTON (Reuters) – Prudential Financial said it will not ask a federal court to overturn a designation by the U.S. risk council that will subject the company to strict capital requirements and oversight by the Federal Reserve.
S&P breaks record, Google’s stock tops $1,000 on earnings
NEW YORK (Reuters) – The S&P 500 closed at a record high for the second straight day on Friday to cap its biggest weekly gain in three months as stronger-than-expected earnings from Google, Morgan Stanley and others overshadowed worry that earnings growth was faltering.
Morgan Stanley profit beats Street as equity trading surges
(Reuters) – Morgan Stanley posted a higher-than-expected quarterly profit on Friday as stock trading revenue jumped 31 percent, surprisingly strong performance in a quarter when rivals posted smaller gains or even declines in that business.
As stock splits wane, more may follow Google to $1,000
NEW YORK (Reuters) – With its surge on Friday, Google Inc became the latest member, though not likely the last, of a tiny fraternity of companies that boast $1,000 share prices.
Harper says will weigh security concerns on any BlackBerry deal: Bloomberg
(Reuters) – BlackBerry Ltd , the struggling smartphone maker seeking a buyer, should be wary of any deals that would raise national-security concerns, Canadian Prime Minister Stephen Harper said on Friday, according to a report.
Data delay adds wrinkle to U.S. inflation bond sales
NEW YORK (Reuters) – While the federal government ramped its operations back up on Thursday, 16 days of a partial shutdown have left some lingering headaches in certain corners of the bond market that rely on timely inflation data to value securities.
NYSE to open up facilities for testing ahead of Twitter IPO
NEW YORK (Reuters) – NYSE Euronext said on Friday it would offer testing next weekend for trading firms planning to take part in Twitter’s market debut, highlighting an industry-wide focus on risk controls after a spate of technology-related snafus in …
SEC charges character in ‘The Big Short’ with fraud
WASHINGTON (Reuters) – U.S. regulators on Friday charged a money manager made famous by Michael Lewis’ book “The Big Short” with misleading investors on a complex structured product in 2006.
Fed to release delayed report on industrial output on October 28
WASHINGTON (Reuters) – The Federal Reserve said on Friday it would issue its September report on U.S. industrial production on October 28.
