G20 wary of scaring markets, promises careful policy shift
MOSCOW (Reuters) – The Group of 20 nations, wary of renewed market volatility, pledged on Friday to shift policy carefully and communicate clearly as they seek to navigate a path to recovery.
JPMorgan plans to name risk or finance experts to board: source
(Reuters) – JPMorgan Chase & Co expects to name two directors with expertise in risk or finance to its board, according to a person familiar with the matter.
GE order book surges; may bode well for global manufacturing
(Reuters) – General Electric Co on Friday unveiled a surprise jump in its backlog of orders for dishwashers, X-ray machines and scores of other industrial products, boosting the conglomerate’s shares and stoking hopes for gains in manufacturing around …
Honeywell cost cutting drives profit higher
(Reuters) – Honeywell International Inc reported a stronger quarterly profit as it cut costs and sold more security systems for buildings and turbochargers for cars and trucks, nudging its shares to a lifetime high.
NYC funds pick State Street to replace BNY Mellon after FX flap
BOSTON (Reuters) – New York City pension funds have picked State Street Corp to safeguard $137 billion, replacing incumbent Bank of New York Mellon Corp , which was accused in 2011 of overcharging the funds on foreign currency trades.
SAC says charges against Cohen have ‘no merit’
(Reuters) – The charges against billionaire hedge fund manager Steven A. Cohen have “no merit” and Cohen will fight them “vigorously,” said a spokesman for Cohen’s firm SAC Capital Advisors in a statement to the media on Friday.
Judge denies BP effort to halt Gulf spill claim payouts
NEW ORLEANS (Reuters) – A federal judge denied an attempt by BP Plc to suspend payments to people and businesses claiming damages related to the 2010 Gulf of Mexico oil spill, while an investigator looks into possible misconduct in the payout process.
Greece’s Piraeus bank aims to cut around 1,500 jobs: source
ATHENS (Reuters) – Greece’s second-biggest bank, Piraeus , has launched a voluntary redundancy scheme aimed at cutting around 1,500 jobs in a drive to cut costs after taking over assets from smaller rivals, a source at the bank told Reuters on Friday.
Exclusive: Buyout firm GTCR looks to sell Six3 Systems – sources
(Reuters) – Buyout firm GTCR LLC is exploring a potential sale of Six3 Systems Inc, which provides intelligence services to national security and defense agencies, and hopes to fetch as much as $1 billion, four people familiar with the matter said on F…
Two JPMorgan directors to retire from board after Whale mess
(Reuters) – Two JPMorgan Chase & Co directors who sat on the board’s risk committee in the run-up to the London Whale trading debacle have retired.
