Verizon to Curb Highest Data Users Posted: 03 Feb 2011 07:09 PM PST Verizon may start slowing down the data connection of its heaviest users when its network is stressed. |
Las Vegas Sands Returns to Profit Posted: 03 Feb 2011 07:19 PM PST Las Vegas Sands stormed back to profit in the fourth quarter, fueled by heady growth in the Chinese gambling enclave of Macau and a new $5.5 billion casino in Singapore. |
Trustee: J.P. Morgan Abetted Madoff Posted: 03 Feb 2011 07:32 PM PST J.P. Morgan stood "at the very center" of Bernard Madoff's fraud, according to a lawsuit unsealed Thursday that reveals for the first time how bank employees' concerns allegedly went unheeded. |
Big Fine Over Bug in 'Quant' Program Posted: 03 Feb 2011 07:17 PM PST A unit of French insurer AXA agreed to pay $242 million to settle fraud accusations by the SEC that it hid from clients a serious software glitch in a quantitative investment model. |
QBE Acquires Balboa Portfolio Posted: 03 Feb 2011 07:04 PM PST QBE Insurance acquired the Balboa insurance portfolio from Bank of America-Merrill Lynch for an upfront payment of $700 million. |
SEC Files Insider Charges Against Six Posted: 03 Feb 2011 05:33 PM PST Four consultants and two former employees of an "expert networking" firm have been sued for allegedly improperly tipping hedge funds and other investors. |
A Cotton Market Targets Speculators Posted: 03 Feb 2011 06:54 PM PST Intercontinental Exchange Inc. is proposing restrictions on large purchases of cotton, as prices for the fiber whiz past historic highs, spelling trouble for mills and apparel producers. |
Respect for ADP: Jobs Picture Is Brighter Than Thought Posted: 03 Feb 2011 04:31 PM PST The Labor Department's jobs data may prove that Automatic Data Processing has done a better job in gauging the labor situation recently than many think. That would be bullish. |
Pfizer, Merck Take Different R&D Tacks Posted: 03 Feb 2011 04:45 PM PST The new leaders of the world's two biggest drug companies made divergent choices this week in balancing the billions of dollars they spend on drug research against pressure to deliver better returns for investors. |
UBS Makes Bid to Increase Bonus Pool Posted: 03 Feb 2011 04:54 PM PST UBS delayed payment of its bonuses after executives expressed concerns that the pending payouts would be inadequate to retain the top talent the Swiss bank has been hiring to rebuild its investment bank. |
Mellon Accused of Fake Trades Posted: 03 Feb 2011 07:54 PM PST Recently unsealed documents allege Bank of New York Mellon overcharged Virginia pension funds by at least $20 million.The allegations are part of a widening probe by state prosecutors. |
Ford Recalls 280,000 Pickups Posted: 03 Feb 2011 08:50 AM PST Ford Motor is recalling 280,000 of its popular F-150 pickup trucks to repair a handle defect which could allow the vehicle's doors to open in a side-impact crash. |
Bernanke Denies Fed Is Stoking Inflation Posted: 03 Feb 2011 06:19 PM PST Bernanke said the recovery should gain speed this year, but continued support from the Fed is needed amid high unemployment and low inflation, shrugging off higher commodity prices. |
Pernod Tastes Win in Rum Row Posted: 03 Feb 2011 03:24 PM PST Spain's Supreme Court ruled in favor of Pernod Ricard in a dispute with rival Bacardi over the rights to the Cuban rum trademark Havana Club, setting a likely precedent for other cases involving property taken over by Cuba's communist government. |
Blackstone Results Beat Estimates Posted: 03 Feb 2011 05:36 PM PST Private-equity giant Blackstone Group's fourth-quarter loss narrowed, and a measure of adjusted profit rose, beating analysts' estimates, as the company's revenue increased sharply. |
Starwood Hotels Swings to Profit Posted: 03 Feb 2011 05:12 PM PST Starwood swung to a profit as the hotel operator and franchiser said it expects that growth to continue at a steady pace for the year, but that economic uncertainty remains. |
Kinder Morgan Sets $2.3 Billion IPO Posted: 03 Feb 2011 06:23 AM PST Kinder Morgan could be the largest-ever initial public offering in the U.S. backed by a buyout firm. Trading is expected to start Feb. 11. |
Retailers Give Stocks Modest Bump Posted: 03 Feb 2011 02:09 PM PST Stocks advanced modestly as encouraging readings on retail sales outweighed worries over Egypt one session before Friday's monthly jobs report. |
Oil Prices Shift Lower Posted: 03 Feb 2011 08:40 AM PST Crude futures turned lower as the U.S. dollar rallied, but traders remained focused on escalating violence in Egypt and the prospect of supply disruptions. |
Central Bankers Give Dollar a Lift Posted: 03 Feb 2011 05:42 PM PST The dollar gained sharply against the euro after Europe's Central Banker dashed talk of an interest-rate increase and Fed Chairman Ben Bernanke expressed a more optimistic tone on the pace of the U.S. recovery. |