Flood of U.S. economic data set to wash up on Wall Street
WASHINGTON (Reuters) – A wave of U.S. economic data is set to hit financial markets starting next week after a last-minute budget deal re-opened the federal government on Thursday.
Former Primary Global employee avoids jail in insider case
NEW YORK (Reuters) – A former technology analyst at expert networking firm Primary Global Research LLC avoided jail time on Thursday after a judge praised his “very substantial assistance” in cooperating with a government insider-trading investigation….
S&P 500 sets record high on relief over U.S. fiscal deal
NEW YORK (Reuters) – The S&P 500 closed at a record high on Thursday as investor confidence grew following a last-minute deal to avoid a U.S. default, but weaker-than-expected results from heavyweights IBM and Goldman Sachs pressured the Dow.
Australia’s Rinehart family feud risks spilling over to business
SYDNEY (Reuters) – A bitter legal battle between Gina Rinehart and her children over control of Australia’s largest mining fortune could ultimately lead to a shift of power in the board room and loosen the tycoon’s legendary grip on her business empire…
Chipotle profits get a boost from increased traffic
(Reuters) – Chipotle Mexican Grill Inc on Thursday reported a 15 percent increase in quarterly profit as sales at established restaurants rose more than expected due to an increase in visits from diners.
Stryker 3rd-quarter net profit falls due to recalls as sales rise
(Reuters) – U.S. orthopedic implant maker Stryker Corp on Thursday said quarterly net profit fell 70 percent as charges for recalled products offset higher sales of its hip, knee and spine products.
Fed needs ‘couple of meetings’ before cutting QE3: Evans
MADISON, Wis./NEW YORK (Reuters) – The Federal Reserve will likely defer any decision to trim its massive bond buys until at least December, two top Fed officials suggested on Thursday, although a third Fed policymaker made no bones about her view that…
HSBC hit with record $2.46 billion judgment in U.S. class action
(Reuters) – A unit of British bank HSBC Holdings Plc was hit on Thursday with a record $2.46 billion final judgment in a U.S. securities class action lawsuit against a business formerly known as Household International Inc.
Boston Scientific to pay $30 million over heart devices: U.S. Justice
WASHINGTON (Reuters) – Boston Scientific Corp agreed to pay $30 million to settle allegations that the Guidant unit it acquired in 2006 knowingly sold defective heart devices implanted in Medicare patients, the U.S. Justice Department said on Thursday….
Boeing says still engaged with South Korea on F-15 sale
OTTAWA (Reuters) – Boeing Co is still very much engaged with South Korea over the possible sale of F-15 fighter jets, despite Seoul’s move last month to restart a multibillion-dollar tender process, a senior Boeing executive told Reuters on Thursday.
