INVESTMENT

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Goldman Sachs downgrades General Mills

Goldman Sachs downgraded General Mills Inc to neutral and removed the stock from its Americas buy list, saying revenue growth at the food company could moderate and no longer outshine peers.

U.S. workers' health costs soaring, studies show

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U.S. workers getting health insurance for their families through employers have seen their premiums more than double in the last decade and the trend toward higher health costs is expected to continue, according to two reports released on Tuesday.

Stock futures higher on commodities, M&A; data on tap

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U.S. stock index futures rose on Wednesday on gains in commodity prices and an upswing in merger and acquisition activity as investors awaited a batch of key economic data, including consumer prices and industrial production.
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Asian stocks hit 2009 highs, U.S. dollar slips

Asian shares hit their highest levels for 2009 on Wednesday after upbeat U.S. economic news gave riskier assets leveraged to global growth a boost, while the U.S. dollar slipped to a one-year low.
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Market edges up after data

U.S. stocks rose modestly on Tuesday after stronger-than-expected retail sales data, though gains were limited by some retailers' disappointing earnings.
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Weak earnings, credit offset data; shares flat

U.S. stocks were little changed on Tuesday as some retail companies' results and rising credit card defaults overshadowed government data showing stronger-than-expected retail sales last month.
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MSC gets higher bid from private equity firms

MSC Software Corp, a simulation and software services company, said it received a revised offer of $8.15 per share from a group of private equity firms after Maximus Holdings raised its offer to $8.
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Real estate stock funds top Lipper August rankings

Real estate equity funds dominated Lipper's ranking of top-performing funds in August, as expectations of an impending property market recovery prompted a rally in European property stocks. Of the top 20 UK-registered equity funds ranked by fund tracker Lipper, a unit of Thomson Reuters, 11 were real estate funds of which nine are invested in the UK or Europe.
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Stock futures edge lower ahead of data

U.S. stock index futures edged lower on Tuesday as investors awaited key economic data, including the retail sales report, for more evidence of an economic recovery.
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U.S. looking at selling Citi shares: report

The Treasury Department is talking to Citigroup Inc about how to sell the roughly one-third stake the government acquired as part of its bailout of the bank, Bloomberg reported, citing people familiar with the matter.
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AllianceBernstein REIT, Shanda Games IPOs next week

A real estate investment trust and a Chinese on-line video game maker are set to price initial public offerings next week, joining a flurry of prospective deals that could make September the busiest month for IPOs in nearly two years.
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BofA-SEC bonus pact rejected

A federal judge rejected Bank of America Corp's $33 million settlement with the U.S. Securities and Exchange Commission over Merrill Lynch & Co bonuses as a contrivance, and New York's top legal officer prepared to sue senior bank executives.
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BofA-SEC bonus pact rejected; Cuomo eyes charges

A federal judge rejected Bank of America Corp's $33 million settlement with the U.S. Securities and Exchange Commission over Merrill Lynch & Co bonuses as a contrivance, and New York's top legal officer prepared possible civil charges against bank executives.
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BofA-SEC bonus settlement rejected

A federal judge on Monday rejected Bank of America Corp's and the U.S. Securities and Exchange Commission's $33 million settlement over Merrill Lynch & Co bonuses as a contrivance that deprives shareholders of the truth.
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AmEx launches CDs line to diversify funding

American Express Co announced on Monday a new line of certificates of deposit as part of the largest U.S. credit card company's plan to diversify funding sources as the financial crisis tightened lending.
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AllianceBernstein-backed REIT to debut next week

Foursquare Capital Corp, a real estate investment trust that will be run and advised by a unit of money manager AllianceBernstein, will price its initial public offering and make its trading debut the week of Sept. 21, according to one of deal's underwriters.
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Bank of America-SEC bonuses pact rejected

A federal judge on Monday rejected Bank of America Corp's and the U.S. Securities and Exchange Commission's proposed settlement over Merrill Lynch & Co bonuses, describing the agreement as a contrivance that harms shareholders.
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Tax evaders rush to beat amnesty deadline

Rich Americans who have evaded taxes by hiding foreign holdings have about a week to turn themselves in to an Internal Revenue Service amnesty program or gamble they will not be caught.
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U.S. tax evaders rush to beat amnesty deadline

Rich Americans who have evaded taxes by hiding their foreign holdings have about a week to decide whether to turn themselves in to an Internal Revenue Service amnesty program or gamble that they will not be caught.
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Direct Edge moves closer to U.S. exchange status

Direct Edge's applications to operate two stock exchanges appeared for public comment on the U.S. Securities and Exchange Commission's web site on Monday, bringing the privately held alternative venue a step closer to becoming a formal exchange operator.
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JPMorgan to buy EcoSecurities for $204 million

JPMorgan Chase & Co agreed to buy carbon offset aggregator EcoSecurities for 122.9 million pounds ($204 million) on Monday, trumping a bid from the firm's co-founder, to boost its carbon-credit trading business.

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