Qualcomm jumps into ‘wearables’ fray with Toq smartwatch
SAN DIEGO (Reuters) – Qualcomm Inc has unveiled the Toq, a smartwatch that can play music and handle phone calls and messages, and said it would start selling the device in the fourth quarter, marking the chipmaker’s entry into the emerging arena of we…
U.S. judge puts SAC Capital civil lawsuit on hold
NEW YORK/BOSTON (Reuters) – A U.S. judge put on hold a civil forfeiture lawsuit against Steven A. Cohen’s SAC Capital Advisors hedge fund on Wednesday while a criminal insider-trading case moves forward.
Wall Street up as automakers, tech shares gain
NEW YORK (Reuters) – Stocks rose for a second day on Wednesday as a possible military action in Syria was seen as limited and strong auto sales lifted investor confidence in the U.S. economy.
BlackBerry sale may be wrapped up as soon as November: WSJ
(Reuters) – BlackBerry Ltd’s board hopes to run a “fast” auction process that could result in a sale of the company by November, the Wall Street Journal said, citing people familiar with the matter on Wednesday.
ETF ‘Godfather,’ two others, to exit trading firm KCG
NEW YORK (Reuters) – KCG Holdings Inc , the trading firm formed in July after Getco Holding Co’s $1.4 billion takeover of Knight Capital Group, said on Wednesday that the head of its exchange-traded funds team and two other managers were leaving the co…
SEC ‘monitoring developments’ after latest Nasdaq outage
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said it was in contact with Nasdaq OMX Group after another brief outage in the system that was at the heart of the exchange’s three-hour trading halt last month.
Finmeccanica in draft deal to sell Ansaldo Energia stake: source
MILAN (Reuters) – Italy’s Finmeccanica has reached a preliminary agreement to sell a majority stake in power unit Ansaldo Energia to South Korea’s Doosan Heavy Industries , a source with direct knowledge of the situation told Reuters.
U.S. economy growing at ‘modest to moderate’ pace: Fed
WASHINGTON (Reuters) – The U.S. economy expanded at a “modest to moderate” pace in most of the country between early July and late August, according to a Federal Reserve report that was just strong enough to reinforce the prospect of a pullback in mone…
Exclusive: Ackman’s fund flat after August losses – sources
BOSTON (Reuters) – William Ackman’s Pershing Square Capital Management is largely flat for the year after a bruising August in which the hedge fund lost 3.6 percent, said two investor sources who are not permitted to discuss the private fund’s numbers …
Exclusive: IMF sees emerging economies vulnerable to U.S. tapering
BERLIN (Reuters) – Advanced economies led by the United States will increasingly drive global growth while emerging countries are at risk of slowing due to tighter U.S. monetary policy, the International Monetary Fund said in a note obtained by Reuters…
