Bernanke sees tighter policies as economy heals
The U.S. Federal Reserve must continue to prop up the economy for an extended period but can't do so indefinitely for fear of triggering an inflationary surge, Federal Reserve Chairman Ben Bernanke warned on Thursday. Read Full Article here.
U.S. anti-foreclosure programs not enough: watchdog
Government programs to fight the U.S. home foreclosure crisis look increasingly inadequate and should be reworked, expanded and supplemented with new ideas, a congressional watchdog said in a report on Friday. Read Full Article here.
FDIC questions Citi management review: report
The U.S. Federal Deposit Insurance Corp is questioning the positive conclusions given to Citigroup Inc'smanagement team in a government-mandated review in the aftermath of the financial crisis, the Wall Street Journal said, citing people familiar with the situation. Read Full Article here.
New email shows fund blow-up risk fear at Bear
One of two former Bear Stearns managers indicted for fraud over the collapse of hedge funds in 2007 feared a blow up risk to investors as early as November 2006, according to an email released on Thursday. Read Full Article here.
Lawmakers seek FCC probe into Google Voice
U.S. lawmakers urged regulators to investigate Google Inc's ability to block expensive calls to rural areas to slash expenses, marking the latest spat between the Internet giant and AT&T Inc. Read Full Article here.
Tengzhong may finalize Hummer deal Friday: source
China's Tengzhong may finalize a deal to buy General Motors Co's Hummer business for about $150 million on Friday, a source familiar with the deal said, China's biggest brand grab since Lenovo bought IBM's PC unit in 2005. Read Full Article here.
TSMC third-quarter sales meet forecast
TSMC <2330.TW>, the world's biggest contract chip maker, said third-quarter sales rose by a fifth from the previous three months, matching its own forecast, thanks to growing chip demand. Read Full Article here.
Barnes & Noble to sell own electronic reader: report
Bookseller Barnes & Noble Inc will soon sell its own electronic reader to rival Amazon.com Inc's Kindle, the Wall Street Journal reported on Thursday. Read Full Article here.
Renaissance CEO James Simons to retire: source
James Simons, a mathematics professor who became one of the best paid hedge fund managers in the world, is retiring as chief executive of his Renaissance Technologies firm on Jan 1, a person briefed in the matter said. Read Full Article here.
Liz Claiborne in J.C. Penney deal, shares jump
Liz Claiborne Inc will move its namesake brand to JC Penney Co Inc Department Stores and take a line by celebrity designer Isaac Mizrahi off department store shelves in a strategy shift that pushed shares up nearly 33 percent to their highest level in 11 months. Read Full Article here.