Kinder Morgan reports higher quarterly profit
(Reuters) – Kinder Morgan Energy Partners LP , the largest U.S. pipeline company, on Wednesday said its profit in the third quarter rose sharply, helped by acquisitions.
UBS taps Langford to run global natural resources group
NEW YORK (Reuters) – UBS promoted senior energy dealmaker Tom Langford to run its global natural resources investment banking business, leading the Swiss bank’s practice in the energy, mining and chemicals sectors.
Bank of America posts profit, fueled by consumer banking
(Reuters) – Bank of America Corp posted a higher-than-expected quarterly profit on Wednesday as growth in its consumer and wealth management arms underscored the bank’s progress in stitching together businesses it picked up in the financial crisis.
Fed mulls capital surcharge for banks owning commodity assets: WSJ
(Reuters) – The Federal Reserve is considering boosting capital requirements for banks that own commodity-related assets, seeking to level the playing field between Wall Street’s former investment banks and more restricted commercial banks, the Wall St…
Monte Paschi to meet London investors over cap hike: source
LONDON/MILAN (Reuters) – Banca Monte dei Paschi di Siena will sound out foreign investors in London over the next few days to raise support for a hefty 2.5 billion euro ($3.37 billion) capital increase that the troubled Italian bank must complete next …
Lawyers say FINRA lets brokers sanitize records of complaints
ORLANDO, Florida (Reuters) – Brokers who seek to erase black marks from their public records succeed at an “alarmingly high” rate following settlements with investors who alleged they lost money, according to a study by lawyers who represent investors….
Bernanke does not have to testify in AIG bailout lawsuit: ruling
WASHINGTON (Reuters) – Federal Reserve Chairman Ben Bernanke does not have to testify in the multibillion-dollar lawsuit by the former chief of American International Group Inc against the United States over the insurer’s 2008 bailout, a federal appeal…
Grocer Loblaw to eliminate about 275 jobs
TORONTO (Reuters) – Loblaw Co Ltd , facing increased competition from foreign-owned and domestic retailers, is cutting about 275 jobs as part of its drive to improve operations, Canada’s largest grocer said on Wednesday.
American Airlines to add flights to Asia from Dallas/Fort Worth
(Reuters) – American Airlines said on Wednesday it plans to add nonstop flights to Hong Kong and Shanghai from Dallas/Fort Worth International Airport next year to expand its global reach.
Fed says U.S. growth continued at ‘modest to moderate’ pace
WASHINGTON (Reuters) – The U.S. economy was sailing smoothly, if not swiftly, before parts of the government shut down this month, according to a snapshot from the Federal Reserve that provided the fullest view of the recovery since federal data dried …
