American Axle co-founder Richard Dauch dies at 71
DETROIT (Reuters) – Richard “Dick” Dauch, the outspoken and hard-charging co-founder and executive chairman of American Axle & Manufacturing Holdings, whose automotive career spanned about 50 years, died on Friday at age 71.
Wall St. Week Ahead: Market to shift into lower gear as earnings, data fade
NEW YORK (Reuters) – With earnings season winding down and the employment report out of the way, the U.S. stock market is likely to shift into a lower gear next week.
States, Texas bank file appeal in Dodd-Frank law challenge
WASHINGTON (Reuters) – A group including a Texas bank and 11 state attorneys general that seeks to overturn parts of the Dodd-Frank financial law announced on Friday that it would appeal a U.S. judge’s decision to dismiss the challenge.
Dow, S&P 500 end at record for second day despite tepid jobs data
NEW YORK (Reuters) – The Dow industrials and S&P 500 ended at record highs for a second day on Friday, posting modest gains despite a mixed employment report that showed hiring slowed in July.
Some Wall Street players unfit for U.S. power market: regulator
WASHINGTON (Reuters) – Wall Street firms that cannot legitimately profit in the power sector will leave the market in time, the top regulator for the U.S. electricity market said on Friday.
Morgan Stanley sets aside $199 million more for litigation costs
NEW YORK (Reuters) – Morgan Stanley set aside an additional $199 million for expected litigation expenses in the second quarter, much higher than the $4 million increase it reported in the year-ago period, the bank said on Friday.
Exclusive: Compuware takes another shot at sale – sources
NEW YORK (Reuters) – Management software company Compuware Corp has renewed efforts to sell itself, courting not just the buyers of rival BMC Software Inc but also CA Technologies Inc and other buyout firms, several people familiar with the matter said…
Former Green Mountain employee charged in insider trading scheme
NEW YORK (Reuters) – A former employee of Green Mountain Coffee Roasters Inc has been charged with participating in an insider trading scheme that netted him and a friend $7 million, the U.S. Securities and Exchange Commission said on Friday.
Fed’s Bullard: drop in jobless a step closer to QE exit threshold
BOSTON (Reuters) – July’s drop in the unemployment rate takes the nation closer to a 7 percent threshold outlined by Federal Reserve Chairman Ben Bernanke as the point around which the central bank would likely end bond purchases, a top Fed official sa…
Michael Dell closes in on prize with sweeter $25 billion deal
NEW YORK/ROUND ROCK, Texas (Reuters) – Dell Inc and Chief Executive Michael Dell clinched a new $25 billion deal on Friday, boosting the bid and offering a special dividend in hopes of ending months of wrangling with opponents of the founder’s proposed…
