SEC staff morale low, atmosphere marked by distrust: study
(Reuters) – The Securities and Exchange Commission is not the best place to work among federal agencies in Washington, according to a new study by a government watchdog.
Beacon focus of Boeing fire probe, Boston plane upsets investors
LONDON/SEATTLE/WASHINGTON (Reuters) – British aviation investigators identified an emergency beacon made by Honeywell International Inc as a likely source of last week’s blaze on a Boeing Co 787 Dreamliner and called for it to be turned off, spurring a…
Analysis: Chipotle under attack by noodles and clones
LOS ANGELES (Reuters) – Chipotle Mexican Grill is one of the restaurant industry’s hottest stocks, but fickle diners and an ever-expanding selection of entrepreneurial eateries threaten to make it harder for the upscale burrito seller to keep deliverin…
U.S. regulators scrutinize risk controls for high-frequency trading
NEW YORK (Reuters) – U.S. regulators are taking a deep look at automated trading firms to determine whether adequate risk controls are in place to prevent major technology glitches or at least minimize their impact.
Microsoft profit misses as Surface tablets languish; shares drop
SEATTLE (Reuters) – Microsoft Corp on Thursday reported lower-than-expected quarterly earnings as slow personal computer sales ate into its Windows business and the company took an unexpected $900 million charge for its inventory of unsold Surface tabl…
Former boss disputes Tourre’s description of mortgage deal
NEW YORK (Reuters) – Fabrice Tourre’s former boss at Goldman Sachs distanced himself on Thursday from the way Tourre described hedge fund Paulson & Co Inc’s role in a 2007 subprime mortgage deal.
XTO Energy agrees to pay $100,000 fine for fracking spill
NEW YORK (Reuters) – An Exxon Mobil Corp subsidiary agreed to pay a $100,000 fine for spilling wastewater from a natural gas drilling site in Pennsylvania that polluted a local river, U.S. regulators said on Thursday.
Boeing says tanker on track for U.S. approval following review
WASHINGTON (Reuters) – A Boeing Co aerial tanker built to refuel other warplanes during flight is expected to win final approval soon following an important design review conducted in early July by the U.S. Air Force, according to the company.
Moody’s eases off threat of U.S. rating cut, affirms Aaa
NEW YORK (Reuters) – Moody’s Investors Service on Thursday raised the U.S. sovereign outlook to stable from negative and affirmed the country’s triple-A rating, citing steady growth despite reduced government spending.
Dow, S&P 500 end at all-time highs on earnings, Bernanke
NEW YORK (Reuters) – The Dow and the S&P 500 closed at record highs on Thursday after Morgan Stanley and others reported better-than-expected earnings and Federal Reserve Chairman Ben Bernanke’s comments further reassured markets.
