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N.Y. Fed Official Says Work Still Needed to Reduce Repo Market Risks
A U.S. regulator said Thursday that more work is needed to reduce systemic risks in the market for short-term securities repurchase agreements known as "repos," even though some progress has been made in making the vital financing market safer since the 2008 financial crisis.
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Card Stocks Tumble on Fears Over Consumer Stress
Increasing worries over consumer-loan performance sent credit-card stocks tumbling Wednesday, with Discover Financial Services (DFS) leading the group lower as one of the biggest decliners in the S&P 500.
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Dun & Bradstreet Not Pursuing Sale of Company For Now -Reuters
Dun & Bradstreet Corp. (DNB) isn't pursuing a sale of the company for now, Reuters reported Thursday, citing four people familiar with the matter.
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Regulatory Mixup Over MetLife Sale of Bank Unit to GE Confuses Investors
MetLife Inc.'s (MET) long and winding effort to sell its online-banking operation to General Electric Co. (GE) took an unusual twist Thursday when the regulator weighing the sale erroneously indicated a decision might not be made until March, months later than expected.
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Wal-Mart sales under global pressure, shares down
Wal-Mart Stores Inc posted disappointing quarterly sales on Thursday as shoppers in key markets like the United States battled high gasoline prices and unemployment, while store traffic continued to decline in China.
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Rockwell says Boeing 737 MAX deal "very material"
Boeing Co said on Thursday it had locked down a firm basic design for its new 737 MAX jet, choosing suppliers for key components and moving the jet a step closer to production in 2015.
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GM tells Opel staff it won't "cut and run"
General Motors will not sell its loss-making European unit Opel or "simply close up shop and leave" it, the U.
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Xstrata To Take Part In Lonmin Rights Issue But Calls For Board Change
Anglo-Swiss miner Xstrata PLC (XTA.LN) announced Thursday that it would take part in Lonmin PLC's (LMI.LN) $817 million rights issue but put the South African platinum producer on notice that it intends to seek changes in its board and management.
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U.S. Regulators Considering New Disclosures for Natural-Gas Trades
The Federal Energy Regulatory Commission said Thursday it is considering new rules requiring greater disclosure of prices charged by natural-gas sellers to help the regulators detect market manipulation.
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Boeing expects 737 production to rise beyond forecasts
Boeing Co said on Thursday it settled on a "firm concept" for its new 737 MAX jet, and chose Honeywell International Inc and Rockwell Collins Inc to supply new systems for the new plane.
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Imperial Tobacco Buys Back 200,000 Shares
Imperial Tobacco Group PLC (IMT.LN) Thursday said it purchased 200,000 ordinary shares at an average price of 2405.28 pence per ordinary share.
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P&G set to cut more jobs, repurchase additional shares
Procter & Gamble plans to trim more non-manufacturing jobs through 2016, on top of a 10 percent reduction target it should meet this year, as the largest household-products maker tries to reinvigorate what has become a sluggish organization.
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Are Hedge Funds Still Interested in Gold?
All three major U.S. equity indices are currently on a losing streak, but the price of gold has been relatively strong.
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Postal Service reports $15.9 billion annual loss
The Postal Service posted a record net loss of $15.
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Wal-Mart sales show global consumer pressure, shares down
Wal-Mart Stores Inc reported quarterly sales below analysts' expectations on Thursday, as the struggling global economy pressured shoppers not only in the United States, but globally.
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Viacom posts higher profit; CEO says MTV is not broken
Viacom Inc reported a rise in quarterly profit, defying weak box-office sales and a challenging advertising environment.
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NYSE Program Trading and Overall Volume Down Last Week
Program-trading volume activity and overall volume on the New York Stock Exchange decreased last week, according to data from NYSE Euronext (NYX).
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Target profit beats views as store card draws shoppers
Target Corp's quarterly profit beat Wall Street forecasts as the discount chain lured more shoppers with its store debit and credit cards and a wider variety of food products.
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CEO Akerson tells Opel staff GM won't "cut and run"
General Motors will neither sell its loss-making European unit Opel nor "simply close up shop and leave", Chief Executive Dan Akerson told more than 5,000 staff in the brand's headquarters in Ruesselsheim on Thursday.
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P&G plans to cut more jobs, repurchase additional shares
Procter & Gamble Co plans to trim more non-manufacturing jobs through 2016, on top of a 10 percent reduction target it should meet this year, and said it may increase stock repurchases to $6 billion from $4 billion.
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Most iShares ETFs Won't Have 2012 Capital Gains Distributions
BlackRock's (NYSE:BLK) iShares unit, the world's largest ETF sponsor, said 275 of its 280 ETFs will not pay capital gains distributions to investors.
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Xstrata to Support Lonmin's Rights Issue, Seeks Board Changes
Commodities producer Xstrata PLC (XTA.LN) Thursday said it intends to support Lonmin's (LMI.LN) proposed rights issue and added that it will seek changes to Lonmin's board and management after the completion of the rights issue.
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Allstate says catastrophe losses from Sandy to exceed $150 million
Home and auto insurer Allstate Corp, considered to be one of the companies most exposed to insured losses from superstorm Sandy, said it expects October catastrophe losses to exceed $150 million though a full estimate cannot be made at this time.
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E*Trade Adds Former Fidelity Executive Lam to its Board
E*Trade Financial Corp. (ETFC) named James Lam, a former chief risk officer at Fidelity Investments, to its board, the fourth new director in the past year.
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Greece Requests Information from UK Authorities Over Offshore Accounts
Greece Thursday requested information from British authorities seeking information about Greek citizens with offshore bank accounts, as part of its efforts to crack down on tax evasions.
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P&G plans to cut more jobs, repurchase more shares
Procter & Gamble Co now plans to cut another 2 percent to 4 percent of its non-manufacturing staff, on top of a continuing 10 percent reduction, and said it may increase stock repurchases to $6 billion from $4 billion.
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Wal-Mart sales miss Wall Street view, shares down
Wal-Mart Stores Inc reported quarterly sales below analysts' expectations on Thursday, while sales at established U.
