Wall Street banks likely stung again by bad bond-trading quarter
NEW YORK (Reuters) – Wall Street banks have had another rough quarter in bond trading thanks to the U.S. Federal Reserve, and it might get worse before it gets better.
Apple shares get boost on Icahn dinner with CEO Cook
NEW YORK (Reuters) – Shares of Apple Inc. rose about 2 percent on Tuesday on news that billionaire activist investor Carl Icahn had dinner with Apple chief executive Tim Cook on Monday and “pushed hard” for a buyback.
ADM wants to keep headquarters in Illinois, get tax benefit: CFO
CHICAGO (Reuters) – Archer Daniels Midland Co wants to locate a new global headquarters in its current home state of Illinois, Ray Young, the agribusiness company’s chief financial officer said on Tuesday.
Broad swathe of U.S. Inc. urges Fed to go easy on Wall Street
WASHINGTON (Reuters) – A swathe of some of America’s biggest industrial firms including Boeing and UPS warned the Federal Reserve on Tuesday that restricting Wall Street’s trading in physical commodity markets could harm their business.
Analysis: Spanish telecom firms show peril of pinning hopes on 4G
MADRID/PARIS (Reuters) – Spanish telecom firms are yielding to the reality of recession by selling new superfast mobile services at no extra charge, offering a cautionary tale for European peers which hope premium 4G prices will help them return to gro…
Brazil judge dismisses oil spill case against Chevron, Transocean
RIO DE JANEIRO (Reuters) – A Brazilian federal judge dismissed a lawsuit against No. 2 U.S. oil company Chevron Corp after approving a negotiated settlement, a decision that closes a nearly two-year legal battle over a November 2011 oil spill.
September manufacturing activity highest since April 2011: ISM
NEW YORK (Reuters) – The U.S. manufacturing sector last month expanded at its fastest pace in almost 2-1/2 years, an industry report showed on Tuesday, while firms added the most workers in 15 months.
Countdown to global trade deadline marked by dire warnings
GENEVA (Reuters) – The World Trade Organization has about 20 working days left to stitch together the first global trade deal in two decades, but even the faster tempo of talks under new chief Roberto Azevedo may be too little, too late.
Small business borrowing rises in August, slowly
(Reuters) – Borrowing by U.S. small businesses edged up in August, pushing an index of borrowing to a six-year high.
Qatar Holding buys NYSE Euronext out of Qatar Exchange
DUBAI (Reuters) – Qatar Holding, the investment arm of the country’s sovereign wealth fund Qatar Investment Authority (QIA), has bought NYSE Euronext’s 12 percent stake in the Qatar Exchange, the Doha-based bourse said in a statement on Tuesday.
