Analysis: Brewing U.S. ethanol legal battle hinges on meaning of ‘supply’
CHICAGO (Reuters) – The fate of a landmark U.S. requirement to blend increasing amounts of biofuels into the nation’s gasoline pool rests on the meaning of three words tucked into a mammoth law: unless there is “inadequate domestic supply.”
Corporate Japan to hunker down and save gains from tax cut: Reuters poll
TOKYO (Reuters) – More than 40 percent of Japanese companies surveyed have no plans to spend or invest funds generated by an expected cut in the corporate tax rate, a reflection of the deep-seated risk-aversion in corporate Japan and a challenge to the…
U.S.-based money market funds have $43 billion outflow: Lipper
NEW YORK (Reuters) – U.S.-based money market fund assets recorded their largest one-week decline since August 2011 as investors pulled $43 billion out of fear over a possible U.S. government default, data from Thomson Reuters’ Lipper service showed on …
Google’s Q3 beats as ad volume grows, stock flirts $1,000 level
SAN FRANCISCO (Reuters) – Google Inc’s quarterly results beat Wall Street’s expectations as the Internet search giant expanded its mobile and overseas businesses while keeping ad-rate declines in check, sending its shares to a record high.
U.S.-based money market funds have $43 billion outflow: Lipper
NEW YORK (Reuters) – U.S.-based money market fund assets recorded their largest one-week decline since August 2011 as investors pulled $43 billion out of fear over a possible U.S. government default, data from Thomson Reuters’ Lipper service showed on …
Blackstone’s solar unit gets $540 million in financing
LOS ANGELES (Reuters) – Blackstone Group LP’s Vivint Solar Inc said on Thursday it has raised $540 million to finance its fast-growing business of installing solar panels on home rooftops.
Sweet and sour earnings back on the menu for U.S. investors
NEW YORK (Reuters) – It is back to basics on Wall Street after several weeks of market obsession with political maneuvering over a government shutdown and threatened debt default. But some of corporate America’s numbers have been found wanting.
Goldman slashes pay as revenue drops
(Reuters) – Goldman Sachs Group Inc’s bond-trading revenue plunged in the third quarter, and the bank slashed employee compensation costs by 35 percent – an unusual step that signals its concern about performance for the rest of the year.
SAC Capital deal with U.S. prosecutors gets closer: source
By Matthew Goldstein, Katya Wachtel and Svea Herbst-Bayliss
Madoff employees were puppets of ‘grand master,’ defense says
NEW YORK (Reuters) – Lawyers for five former employees of Bernard Madoff on Thursday cast their clients as mere puppets under the spell of an awesome, cult-like leader and “pathological liar.”
