SEC charges former Akamai executive whose tips went to Rajaratnam
(Reuters) – A former Akamai Technologies Inc official agreed to pay over $145,000, and be banned from serving as a public company officer or director, to settle civil charges he provided illegal tips that were funneled to Raj Rajaratnam, the hedge fund…
Fed’s communication branded ‘unclear’ by economists
LONDON (Reuters) – The U.S. Federal Reserve failed to communicate policy clearly in the months leading to Wednesday’s surprise decision not to reduce its $85 billion monthly bond-buying policy, according to a firm majority of economists polled by Reute…
Fed’s George slams inaction on QE, warns on credibility
NEW YORK (Reuters) – A hawkish Federal Reserve policymaker on Friday sharply criticized her colleagues’ decision this week not to reduce the Fed’s bond-buying program, warning it sowed confusion and risked the U.S. central bank’s credibility given how …
Third Point to put Sony shares under own name: Nikkei
(Reuters) – Activist investor Daniel Loeb’s Third Point LLC will re-register a chunk of its shares in Sony Corp under its own name, allowing the hedge fund group to file shareholder resolutions and take other steps to push for better management, the Ni…
Allegiant to ground half its fleet, citing need for inspections
(Reuters) – Allegiant Travel Co , a low-cost carrier that provides service to leisure destinations, on Friday said it would ground as many as 30 of its planes, or roughly half of its fleet, to inspect slides over the next few days.
Mortgage industry challenges regulator on U.S. loan limits
WASHINGTON (Reuters) – Two powerful housing industry trade groups are asking U.S. lawmakers to prevent a government regulator from lowering the limit on the size of loans Fannie Mae and Freddie Mac can back, according to a letter obtained by Reuters on…
Fed’s Kocherlakota: options prices key to assessing outlook
NEW YORK (Reuters) – Policymakers should look to options prices to help figure out the future and inform their decisions today, Minneapolis Federal Reserve Bank President Narayana Kocherlakota said on Friday.
U.S. states see public sector job losses in August
WASHINGTON (Reuters) – Illinois reflected a larger trend among U.S. states in August: Its private sector gained 5,900 jobs from the previous month, but its public sector lost 1,100 jobs.
Sprint promises savings from new early upgrade plan
NEW YORK (Reuters) – Sprint Corp on Friday joined its three biggest rivals in offering an early upgrade option for smartphones and promised cheaper fees than its competitors charge, in the latest sign of intensifying competition in the U.S. wireless ma…
Under new WTO head, race for December trade deal picks up pace
GENEVA (Reuters) – Negotiators at the World Trade Organization are forging ahead with work to agree a global trade deal worth hundreds of billions of dollars but time is running out before the December deadline, the new head of the WTO said on Friday.
