Retail sales suggest tepid holiday season
More than half of U.S. retail chains posted October sales that fell short of Wall Street's heightened expectations, raising doubts about a widespread recovery for the holiday season. Read Full Article here.
Insider trading probe ensnares 14 more
Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal that has ensnared hedge fund managers, top Silicon Valley executives and a bevy of white-shoe advisers. Read Full Article here.
Microsoft CEO sees Yahoo partnership outside U.S.
Microsoft Corp Chief Executive Steve Ballmer said on Thursday the company's search engine partnership with Yahoo would not be limited to the U.S. but would be introduced around the world, once it gets regulatory approval. Read Full Article here.
Starbucks beats view, raises target
Starbucks Corp again reported stronger-than-expected quarterly profit, solidifying expectations the chain is turning around after closing cafes and slashing costs, and its shares rose 3 percent. Read Full Article here.
BNY Mellon's Kelly shoots down BofA CEO talk
Bank of New York Mellon Corp CEO Bob Kelly told the bank's senior managers he is not interested in the top job at Bank of America Corp , defusing speculation that he would leave his current post. Read Full Article here.
Charles Schwab expects 28 pct jump in fee waivers
Charles Schwab Corp expects to waive about $100 million in money market fees in the current quarter, up 28 percent from the previous quarter, the largest U.S. discount brokerage said on Thursday. Read Full Article here.
Mortgage rates drop below 5 percent: Freddie Mac
U.S. mortgage rates fell below 5 percent for the first time in three weeks, a key level that may boost home loan demand and help the hard-hit housing market recover, a closely watched mortgage survey showed Thursday. Read Full Article here.
SEC official worried about naked access
A top U.S. securities regulator said on Thursday that she was concerned about naked access, where brokers give high-frequency traders unfiltered access to public markets. Read Full Article here.
IMS agrees to $4 bln deal, biggest LBO this year
Private equity firm TPG and the Canada Pension Plan struck on Thursday the biggest leveraged buyout deal of this year, worth $4 billion, to buy prescription drug sales data provider IMS Health Inc. Read Full Article here.
Details of Chrysler's turnaround plan under Fiat
Fiat SpA Chief Executive Sergio Marchionne on Wednesday delivered a long-awaited plan intended to turn around Chrysler over the next five years. Read Full Article here.