BATS’ largest U.S. exchange hit by technical outage
NEW YORK (Reuters) – Stock exchange operator BATS Global Markets said on Tuesday its largest U.S. exchange had an outage that lasted nearly an hour due to an internal network problem, the latest in a spate of technical problems to affect U.S. financial…
Analysis: Commodity funds on track for big launch year in uncertain market
NEW YORK (Reuters) – An ex-Glencore oil trader and a veteran grains merchant are among those behind the largest number of commodity fund launches in 3 years despite investor worries the multi-year rally in those markets is over.
SEC says ex-Marine bilked vets in Chicago hedge fund fraud
(Reuters) – A former Marine masqueraded as a successful hedge fund trader to defraud current and former military personnel, causing the U.S. Securities and Exchange Commission to obtain an emergency asset freeze to halt his scheme, the regulator said o…
U.S. GDP likely to get boost from smaller trade gap
WASHINGTON (Reuters) – The U.S. economy likely grew faster than initially reported in the second quarter, thanks to a sharp narrowing in the trade deficit to its lowest in more than 3-1/2 years in June as exports touched a record high and imports fell….
Wall Street finishes lower on uncertainty about Fed’s move
NEW YORK (Reuters) – Stocks slid for a second consecutive day on Tuesday after comments from a pair of U.S. Federal Reserve officials left investors uncertain about the timing of a possible reduction in its bond-buying program.
Ebix says money laundering allegations are false; shares slide
(Reuters) – Ebix Inc said allegations that it was involved in money laundering were false, after its shares tumbled on a Bloomberg report that federal investigators were reviewing the insurance software maker’s cross-border financial transactions.
Loeb wants Sony to lay out specific goals for entertainment unit
NEW YORK (Reuters) – Hedge fund manager Daniel Loeb expects Sony Corp to lay out a specific improvement plan and set financial targets for its entertainment business before the company’s annual general meeting next May, according to a source close to t…
Fox reports higher profit and revenue on cable increases
(Reuters) – Rupert Murdoch’s newly separated 21st Century Fox reported higher revenue and profit because of growth at its cable operations and film studio.
CBS chief slams Time Warner Cable, calls offer a ‘gesture’
(Reuters) – CBS Corp Chief Executive Leslie Moonves on Tuesday rejected the latest proposal by Time Warner Cable Inc to end its blackout of the network and dismissed the cable company’s offer as a “public relations gesture.”
CVS Medicare issues taking longer than planned, profit up
(Reuters) – CVS Caremark Corp expects to lose about 10 percent of patients enrolled in one of its Medicare prescription drug plans because of a government marketing ban but does not expect the decrease to have a significant impact on its long-term resu…
