| By Emily Flitter and Matthew Goldstein NEW YORK (Reuters) - Lawyers for SAC Capital Advisors called a meeting with U.S. prosecutors and FBI agents in April to argue that there should be no insider trading charges filed against the $15 billion hedge fund or its founder, Steven A. Cohen, acc... |
| By Wanfeng Zhou NEW YORK (Reuters) - The dollar was on track for its biggest daily drop in a month against the yen on Thursday after a sharp slide in Japanese stocks and weak Chinese factory activity data prompted a rush for the safe-haven Japanese currency. The yen a... |
| By Noel Randewich SAN FRANCISCO (Reuters) - Shares of Apple <AAPL.O> supplier Cirrus Logic <CRUS.O> slumped 18 percent on Thursday after the chipmaker said in a filing it faces growing pricing pressure in the smartphone market. Cirrus said in the filing it... |
| By Michelle Sierra NEW YORK (Reuters) - Activist investor Carl Icahn and Southeastern Asset Management Inc have initiated talks with banks and asset managers to line up commitments for as much as $7 billion in bridge loans to back their leveraged recapitalization proposal for Dell Inc, ban... |
| MADRID (Reuters) - Spain's stock market regulator on Thursday said it would investigate if the abnormally high volume of trading in nationalized lender Bankia shares during the day was in breach of market rules. Close to 50 million shares in Bankia changed hands on Thursday, or about 4... |
| NEW YORK (Reuters) - Stocks hit session highs in a volatile session on Thursday with the Dow industrials posting a second straight swing of more than 160 points as investors digest the Federal Reserve's evolving policy stance. The Dow Jones industrial average <.DJI> rose 20.81 po... |
| WASHINGTON (Reuters) - The Pentagon's annual report to Congress shows a decline of $4.5 billion or just over 1 percent in the projected development and acquisition cost of the Lockheed Martin Corp <LMT.N> F-35 fighter jet program, sources familiar with the data said. The Pentagon... |
| By Mark Miller CHICAGO (Reuters) - The Internal Revenue Service may be having a bad week, but Mary Rich isn't complaining about the taxman. The former nurse and hospital executive recently won a 10-year battle to get the IRS to reverse a ruling that would have cos... |
| By Alistair Barr and Tanya Agrawal (Reuters) - ChannelAdvisor Corp shares soared more than 40 percent in their market debut on Thursday as investors bet the e-commerce software company will benefit from the rapid global spread of online buying and selling. The company... |
| By Lauren Tara LaCapra SALT LAKE City (Reuters) - After dozens of meetings with executives and regulators, 100,000 hours of employee training and an immeasurable amount of public grief, Goldman Sachs Group Inc <GS.N> CEO Lloyd Blankfein claimed success in putting his bank and his leg... |
By Deepa Seetharaman DETROIT (Reuters) - Chrysler Group LLC and Tesla Motors Inc <TSLA.O>, both led by media-savvy executives, are trading public jabs over the definition of payback. Tesla wired $452 million on Wednesday to repay the remaining portion of its U.S... |
| By Angela Moon NEW YORK (Reuters) - Stocks mostly edged lower on Thursday but were sharply off their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its monetary stimulus. ... |
| By Mark Miller CHICAGO (Reuters) - The Internal Revenue Service may be having a bad week, but Mary Rich isn't complaining about the taxman. The former nurse and hospital executive recently won a 10-year battle to get the IRS to reverse a ruling that would have cos... |
| PARIS (Reuters) - Bundesbank chief Jens Weidmann said on Thursday it is not up to the European Central Bank to solve the euro zone crisis, resisting pressure from other ECB policymakers for the bank to widen its range of policy tools. Speaking in Paris, Weidmann said the ECB had already he... |
| NEW YORK (Reuters) - U.S. prosecutors are seeking testimony from three senior executives of the $15 billion hedge fund SAC Capital Advisors, the Wall Street Journal reported on Thursday. The U.S. Attorney's office for the Southern District of New York issued subpoenas to SAC's pres... |
| By Ryan Vlastelica NEW YORK (Reuters) - Stock markets around the world fell on Thursday, extending the previous day's steep decline on concerns over the pace of global economic growth and when the Federal Reserve's stimulus program would end. U.S. stocks parti... |
| (Reuters) - JPMorgan Chase <JPM.N> said it has appointed Barry Sommers, under whom the bank expanded its services to wealthy clients, to head its Chase consumer bank business. Sommers, 44, who previously served as chief executive of the bank's wealth management business, joined J... |
| By Ethan Bilby BRUSSELS (Reuters) - The European Commission rejected Chinese trade association statements that talks to resolve a dispute over allegations of dumping of solar panels had broken down, while Chinese comments highlighted risks the dispute could escalate. ... |
| By Caroline Valetkevitch NEW YORK (Reuters) - Shares of American Electric Power Inc <AEP.N> and NextEra Energy Inc <NEE.N> plunged more than 50 percent in the first seconds of trading on Thursday, the latest in a flurry of unexplained sharp moves for individual stocks. ... |
| By Tom Hals (Reuters) - Ally Financial Inc agreed on Thursday to pay $2.1 billion to settle legal claims tied to its bankrupt Residential Capital LLC unit, nearly triple the amount it initially offered to creditors of the subprime mortgage business. Ally hopes the dea... |
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Friday, May 24, 2013
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