Analysis: QE money in Asia heads out, but on a slow-moving train
SINGAPORE (Reuters) – Fear in Asian financial markets of what the Fed might do may have been greatly exaggerated, judging by how little foreign investment that entered Asia during the past four years has left so far in anticipation of tighter U.S. mone…
Central bankers, brokers snap at SEC’s money-market proposals
NEW YORK (Reuters) – Heads of the 12 U.S. Federal Reserve regional banks on Thursday strongly criticized a component of a U.S. Securities and Exchange Commission proposal aimed at preventing runs on money-market funds, saying it did little to change cu…
Retailers divided over Bangladesh factory victims compensation
BERLIN (Reuters) – A group of retailers and clothing brands failed on Thursday to establish compensation funds for the victims of two Bangladesh factory disasters, as many companies that sourced clothes from the buildings decided not to take part in th…
Washington mayor vetoes wage bill aimed at big retailers
WASHINGTON (Reuters) – Washington Mayor Vincent Gray on Thursday vetoed a bill that would have forced big retailers to pay a premium over the local minimum wage, calling it “a job killer” for a city trying to lure Wal-Mart and other big-box stores.
Cayman Islands company denies insider trading in Heinz at hearing
NEW YORK (Reuters) – A defense attorney in the U.S. government’s H.J. Heinz Co insider trading case denied on Thursday his client’s involvement in such activity before the ketchup maker was sold for $23 billion in February.
Disney to buy up to $8 billion in shares in fiscal ’14: CFO
LOS ANGELES (Reuters) – Media giant Walt Disney Co will increase its share buybacks to $6 billion to $8 billion in fiscal 2014, Chief Financial Officer Jay Rasulo told investors on Thursday, sending shares up 3 percent.
AMR bankruptcy plan wins court approval
NEW YORK (Reuters) – AMR Corp’s bid to emerge from bankruptcy won approval from a U.S. bankruptcy judge on Thursday, but implementation still requires resolution of U.S. government moves to block its proposed merger with US Airways Group Inc .
Boeing plans first flight of 787-9 next week: sources
NEW YORK/PARIS (Reuters) – Boeing plans to make the first flight of the 787-9 next week, a stretch version of its high-tech Dreamliner, according to two people familiar with the plans.
Dell to invest more on PCs, tablets after $25 billion buyout win
AUSTIN, Texas (Reuters) – Michael Dell clinched shareholders’ approval on Thursday for his $25 billion offer to buy and take Dell Inc private, ending months of bitter conflict with the company’s largest investors and removing the uncertainty shrouding …
SEC Chair calls for kill switch, other reforms for exchanges
WASHINGTON (Reuters) – U.S. Securities and Exchange Commission Chair Mary Jo White said Thursday that exchanges will implement a series of reforms, including a kill switch to shut down trading, as a response to an August 22 software glitch that led to …
