Reuters - U.S. federal prosecutors asked
securities regulators to delay a civil case against two former
Bear Stearns hedge fund managers while they hold grand jury
hearings in building a criminal case against the pair.
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Reuters - Fannie Mae , the biggest U.S.
mortgage finance company, on Wednesday announced a shake-up of
top executives, including the exit of its chief financial
officer, in an effort to better implement a plan to preserve
capital and cut losses.
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AP - Wall Street posted a sizable advance Wednesday after the government reported a larger-than-expected increase in orders for big-ticket manufactured goods that indicated the economy could be stronger than some investors thought.
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AP - TiVo Inc. posted a quarterly profit for only the third time in its 11-year history Wednesday as the pioneer in digital video recorders boosted margins on hardware and reduced marketing costs in its fiscal second quarter.
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Reuters - Battered mortgage-finance company
Fannie Mae on Wednesday announced a sweeping management
shake-up in an effort to come to grips with mounting credit
losses and a shrinking capital base.
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Reuters - Stocks rose on Wednesday as
surprisingly strong data on durable goods orders soothed some
concern about the sluggish economy while Fannie Mae and Freddie
Mac led a rally in financial shares.
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AP - TiVo Inc. posted a quarterly profit for only the third time in its 11-year history Wednesday as the pioneer in digital video recorders boosted margins on hardware and reduced marketing costs in its fiscal second quarter.
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AP - Wall Street posted a big advance after the government reported a larger-than-expected increase in orders for big-ticket manufactured goods that indicated the economy is stronger than many investors thought.
Original post by AP
Reuters - U.S. stocks rose on Wednesday as
surprisingly strong data on durable goods orders soothed some
concern about the sluggish economy while Fannie Mae and
Freddie Mac led a rally in financial shares.
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AP - Federal regulators on Wednesday proposed a plan to allow public companies to begin using international accounting standards for reporting financial results in two years, and may require them to do so starting in 2014.
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AP - U.S. factories saw a surprisingly hefty increase in their orders for big-ticket products in July, reflecting continued strength in export sales and a boost to business investment from the government’s tax stimulus package.
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Reuters - Stocks rose on Wednesday, led by a
rally in financial shares, after surprisingly strong data on
durable goods orders soothed some concern about the economy.
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Reuters - A man accused of trying to extort
millions of dollars from his son-in-law, an executive of the
Blackstone Group LP , on Wednesday blamed the private
equity firm for his “malicious” arrest and charges.
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AP - Wall Street turned sharply higher Wednesday after the government reported a larger-than-expected increase in orders for big-ticket manufactured goods that indicated the economy is stronger than expected. The Dow Jones industrial average rose 100 points, but the advance came in light trading, which tends to exaggerate price moves.
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Reuters - The Federal Reserve must be “very
vigilant” amid strained financial markets while exercising
patience over interest rates as it waits for inflation to ease,
a top Fed policy-maker said on Wednesday.
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Reuters - Stocks of Fannie Mae and Freddie Mac,
the largest U.S. housing finance companies, rallied for a third
straight day on Wednesday as investors grew more confident
their shareholdings would not be wiped out by any government
intervention.
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Reuters - A federal judge has dismissed a
lawsuit accusing the now-bankrupt mortgage lender IndyMac
Bancorp Inc of inflating the appraised values of
homes and misleading borrowers into paying higher closing and
financing costs.
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Reuters - Stocks advanced moderately on
Wednesday on an unexpectedly strong rise in orders for durable
manufactured goods and resilience in the financial sector.
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AP - Stocks turned higher Wednesday after the government reported a larger-than-expected increase in orders for big-ticket manufactured goods, offsetting some unease about a rise in oil prices.
Original post by AP
Reuters - The Federal Reserve must be “very
vigilant” amid strained financial markets while exercising
patience over interest rates as it waits for inflation to ease,
a top Fed policy-maker said on Wednesday.
Original post by Reuters
AP - Earnings results announced Wednesday by major Chinese oil companies were in line with expectations, with industry leader PetroChina’s first-half net profit falling 34.5 percent amid rising losses in its refining business.
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AP - Stocks fluctuated in a narrow range early Wednesday as rising oil prices again limited the market’s reaction to upbeat economic data.
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Reuters - Dollar Tree Inc reported a
higher profit on Wednesday but gave a forecast for the full
year that fell short of Wall Street expectations, sending the
retailer’s shares down more than 6 percent.
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Reuters - Stocks were little changed at the open
on Wednesday as surging oil prices offset surprisingly strong
data on durable goods orders that calmed jitters about a weak
economy.
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Reuters - Federal Reserve Bank of Atlanta
President Dennis Lockhart on Wednesday welcomed the recent rise
in the dollar.
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AP - Taylor Wimpey PLC, Britain’s largest homebuilder by volume, reported a $2.6 billion loss for the first half of the year on Wednesday, reflecting a nearly $2.8 billion write-down in the value of its assets.
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Reuters - New orders for long-lasting U.S.
manufactured goods jumped a surprising 1.3 percent in July,
while a gauge of business investment also rose unexpectedly, a
government report showed on Wednesday.
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Reuters - Dollar Tree Inc reported a
higher quarterly profit on Wednesday as shoppers scoured its
stores for low prices on food, health-care items and cleaning
products.
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AP - Wall Street is heading for a higher open after the government reported a bigger-than-expected increase in orders for big-ticket manufactured goods.
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Reuters - Stock index futures turned positive on
Wednesday, suggesting a higher market open, after
stronger-than-expected July data on durable goods orders eased
some worries about a weakening U.S. economy.
Original post by Reuters