Fed officials sing same song on cutting QE3 next month: Fisher
(Reuters) – The U.S. Federal Reserve will likely begin cutting back on its massive bond-buying stimulus next month, as long as economic data continues to improve, a top Fed official said on Thursday.
Judge orders hold on administrative proceeding against SAC’s Cohen
NEW YORK (Reuters) – Steven A. Cohen got a reprieve on Thursday, albeit a small and temporary one, when an administrative law judge approved a request to stay a case brought by securities regulators, who have accused the billionaire hedge fund manager …
Exclusive: T.Rowe slashes stake in Dell to 2.8 percent from 4 percent – sources
NEW YORK (Reuters) – T. Rowe Price Associates, one of the most influential opponents of Michael Dell’s offer to buy out Dell Inc for about $25 billion, reduced its ownership in the struggling PC maker to a 2.8 percent stake from the 4 percent it held a…
Cleveland Fed President Pianalto to retire in 2014
(Reuters) – Federal Reserve Bank of Cleveland President Sandra Pianalto will retire as head of the U.S. regional central bank in early 2014, the bank said on Thursday.
Exclusive: U.S. steps up probe of JPMorgan over Bear mortgage bonds
(Reuters) – The U.S. Department of Justice has stepped up a probe in recent weeks into Bear Stearns & Co’s mortgage dealings in the run-up to the financial crisis, according to two sources familiar with the situation, raising the possibility that JPMorgan Chase & Co may face yet another case over mortgage bonds.
PNC subpoenaed on foreclosure costs; DOJ probing mortgage pricing
(Reuters) – PNC Financial Services Group Inc said it received a subpoena seeking information about claims for foreclosure expenses related to federally backed mortgage loans.
U.S. probe focuses on mortgage bonds that JPMorgan created, not acquired
(Reuters) – U.S. prosecutors investigating JPMorgan Chase & Co for allegedly violating securities laws are looking at mortgage bonds created by the bank itself, and not by companies it bought, according to a source familiar with the matter.
CBS, Time Warner Cable trade barbs on Day 7 of blackout
(Reuters) – A CBS Corp executive said on Thursday that negotiations with Time Warner Cable Inc have “gone badly off course” and accused the cable company of trying to negotiate terms that would limit CBS’s ability to do business with such online TV ser…
Tesla shares ride 18 percent higher on Model S success
(Reuters) – Shares in electric sports car maker Tesla Motors Inc jumped 18 percent to a record high on Thursday, after surprisingly strong second-quarter results convinced investors the company has found a route to sustainable profits.
Carl Icahn increases Nuance stake to 16 percent: filing
NEW YORK (Reuters) – Activist investor Carl Icahn increased his stake in speech recognition and digital imaging software maker Nuance Communications Inc to 16.03 percent, a regulatory filing showed Thursday.
