SEC charges ex-Oppenheimer fund manager with misleading investors
WASHINGTON (Reuters) – U.S. securities regulators charged a former private equity fund manager at Oppenheimer Holdings Inc’s Oppenheimer & Co on Tuesday with misleading investors about the valuation and performance of some funds.
U.S. judge approves Kodak plan to exit bankruptcy
NEW YORK (Reuters) – Eastman Kodak Co, once a mighty photography pioneer, earned court approval on Tuesday for a plan to emerge from bankruptcy as a much smaller digital-imaging company.
Moody’s: Outlook for U.S. states improves after five years
(Reuters) – Moody’s Investors Service on Tuesday revised its outlook for U.S. states to stable from negative, marking a significant improvement in its assessment of state finances after cutting its outlook for the sector more than five years ago.
Insight: Peter Chou – Is he HTC’s savior or obstacle to revival?
SINGAPORE/TAIPEI (Reuters) – Now in his tenth year as CEO of HTC Corp, Peter Chou is lauded as the architect of the Taiwanese firm’s award-winning smartphones. But as the company’s fortunes have dived, some insiders say he’s now an obstacle to any revi…
As investors mull QE finale, Asia’s miracle shows signs of wear
HONG KONG/TOKYO (Reuters) – Asia’s economic miracle looks increasingly vulnerable to the end of a decidedly earthly phenomenon – five years of ultra-cheap financing sparked by the U.S. monetary policy dubbed “quantitative easing”.
Wall St. bounces to end four-day skid; retailers gain
NEW YORK (Reuters) – The S&P 500 bounced on Tuesday to end a four-day losing skid, as earnings from Best Buy and TJX Cos helped buoy retailers and consumer discretionary stocks.
Goldman Sachs says exchanges working to resolve options trading issue
NEW YORK (Reuters) – Goldman Sachs said on Tuesday the U.S. stock exchanges are working to resolve an issue in options trading, which resulted in a review of a number of potentially erroneous options trades at the start of trading.
Barnes & Noble chairman halts plan to buy stores as sales slide
(Reuters) – Barnes & Noble Inc’s founder and largest shareholder on Tuesday suspended his plan to buy the bookseller’s stores, dashing investor hopes for a deal as the company again reported poor quarterly results.
Alleged kingpin of U.S. penny stock fraud arrested in Thailand
NEW YORK (Reuters) – Authorities in Thailand have arrested a Canadian man accused of masterminding a $140 million plan to defraud investors in U.S. penny stocks, as well as another man who allegedly ran the scheme, federal prosecutors in New York said …
BHP delays $14 billion Canada potash push as profit drops
MELBOURNE/LONDON (Reuters) – Miner BHP Billiton mapped out a cautious approach to expanding into potash on Tuesday, keeping a $14 billion Canadian project alive but delaying production at the giant deposit until at least 2020.
