U.S. futures industry regulator NFA comes under fire from within
CHICAGO (Reuters) – A U.S. futures industry regulator is falling short in its attempt to keep tabs on brokers and asset managers, more than a year after the collapse of one brokerage under its oversight that cost clients hundreds of millions of dollars…
Wall Street rises on economy, but Syria concerns limit gains
NEW YORK (Reuters) – U.S. stocks closed modestly higher on Thursday as the economy showed signs of improvement, but uncertainty over possible military action against Syria continued to pressure markets.
Scare or no scare, customers have little choice but Fonterra
WELLINGTON/SHANGHAI (Reuters) – However much China and other big customers strive to rely less on Fonterra after a global food contamination scare this month – now downscaled to a ‘false alarm’ – the New Zealand firm’s grip on the global dairy trade is…
Fed should strengthen controls for handling of minutes: watchdog
(Reuters) – The Federal Reserve should beef up its controls over the handling of minutes for its policy-setting meetings after the top-secret documents were inadvertently released a day early to a select group in April, the U.S. central bank’s watchdog…
Brazil’s Batista sells more of stake in oil company OGX to pay debt
RIO DE JANEIRO (Reuters) – Brazilian tycoon Eike Batista, the controlling shareholder of OGX Petróleo e Gás Participações SA , sold 1.54 percent of the oil company’s stock to pay debts of his EBX group, OGX said in a securities filing on Thursday.
Anglo CEO: platinum unit must deliver, nothing sacrosanct
JOHANNESBURG (Reuters) – Anglo American remains committed to its South African platinum mining business if it pays its way but violence in the country’s mines must stop, the group’s new chief executive said on Thursday.
Outlook for PC shipments worsens: IDC
SAN FRANCISCO (Reuters) – The outlook for the struggling personal computer industry is worse than was previously believed, according to market research firm IDC, which on Thursday cut its 2013 forecast for global PC shipments for at least the second ti…
L’Oreal CEO says ready to buy out Nestle stake in 2014: paper
PARIS (Reuters) – L’Oreal will be ready to buy Nestle’s 29.5 percent stake in the French cosmetics giant next year, French daily Les Echos reported, citing L’Oreal Chief Executive Jean-Paul Agon.
Nasdaq says software bug caused trading outage
NEW YORK (Reuters) – Nasdaq OMX Group’s massive trading halt last week was due to a software bug and other internal technology issues triggered by problems at NYSE Euronext’s Arca exchange that led a key backup system to fail, the exchange operator sai…
JPMorgan’s internal bribery investigation reviewing 200 Asia hires
NEW YORK (Reuters) – An internal investigation into JPMorgan Chase & Co’s hiring practices in Asia is examining the employment of around 200 people for instances of possibly illegal nepotism, a source said, indicating the bank’s hiring issues may extend beyond the two cases U.S. officials originally asked about.
