Justice Department talks with Microsoft and Google stall
WASHINGTON (Reuters) – The U.S. Department of Justice’s talks with Microsoft Corp and Google Inc have hit a wall as the government pushes back at the tech companies’ demand for the ability to disclose the now-secret data requests they receive.
Wall Street Week Ahead: Jobs data could spur Fed action on stimulus
NEW YORK (Reuters) – Wall Street is bracing for a wave of economic reports next week, including the August jobs report, which might prove decisive in determining whether the economy is strong enough for the Federal Reserve to dial back its bond purchas…
Delta, Virgin Atlantic receive tentative antitrust immunity for alliance
NEW YORK (Reuters) – Delta Air Lines Inc and Virgin Atlantic Airways Ltd are on track to receive immunity from U.S. antitrust laws to operate a planned trans-Atlantic joint venture.
Exclusive: U.S. pension funds press Caesars’ private equity owners
NEW YORK (Reuters) – Some U.S. public pension funds are pressuring TPG Capital LP and Apollo Global Management LLC to share more of the fees they withdraw from loss-making casino operator Caesars Entertainment Corp, in a rare display of activism agains…
Credit union regulator sues Morgan Stanley over mortgage losses
(Reuters) – Morgan Stanley is being sued by a U.S. credit union regulator to recover losses on more than $566 million of residential mortgage-backed securities sold to two corporate credit unions that later failed.
Analysis: Carlos Slim’s Dutch woes test appetite for European expansion
MEXICO CITY (Reuters) – Billionaire Mexican businessman Carlos Slim is facing an unfamiliar challenge as he seeks to steer his flagship phone company America Movil into Europe – dissent.
Hundreds of Fosamax lawsuits versus Merck ordered readied for trial
NEW YORK (Reuters) – A federal judge overseeing consolidated litigation against Merck & Co over jaw injuries allegedly caused by the osteoporosis drug Fosamax has ordered hundreds of cases be dispersed to courts across the country for trial.
Regulators agree on global swap rules ahead of G20 summit
WASHINGTON (Reuters) – Finance watchdogs on Friday laid out joint rules for the $630 trillion derivatives industry that was at the core of the 2007-09 credit meltdown, in a report to the G20 most powerful economies of the world.
Wall Street falls, ends worst month since May 2012
NEW YORK (Reuters) – U.S. stocks fell in a thinly traded session on Friday as the S&P 500 index recorded its steepest decline since May 2012 and investors avoided making large bets before a long weekend with the situation about Syria still uncertain.
Perry ups ownership stake in J.C. Penney to 8.6 percent
(Reuters) – Hedge fund manager Richard Perry, already a big owner in J.C. Penney Co Inc , bought additional shares in the retailer on Friday, according to a regulatory filing made just days after the largest investor announced plans to sell his stake.
