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WRAPUP 1-Wall St commodity slump deepens in Q1, led by Morgan Stanley
Reuters* Morgan Stanley Q1 commodity revenues fall 77 pct * Total commodity revenues on Wall Street down 54 pct-Coalition By David Sheppard and Barani Krishnan NEW YORK, May 15 (Reuters) - Global investment banks suffered another bruising decline in commodity...Tags: Business Enterprises, Quarterly or Semiannual Financial Statements, Money and Monetary Policy, Goldman Sachs Group, Inc., Economy, Business and Finance
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Banks' Q1 commodities revenue down 54 pct year-on-year -study
ReutersMay 15 (Reuters) - Commodities revenue at the world's 10 largest investment banks fell by more than half in the first quarter of this year versus the same period of 2012 due to lower market and client activity, analytics firm Coalition said on Wednesday....Tags: Investments
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HSBC may cut 14,000 more jobs as revenue faces pressure
ReutersHONG KONG/LONDON (Reuters) - HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs, but Europe's largest bank was forced to soften a key performance target in the face of muted revenue. London-headquartered HSBC is seeking up to...Tags: Business Enterprises, Hong Kong, Investments, Banking, JPMorgan Chase & Co.
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Major market operators to build cash pool for derivatives trades
ReutersBy Huw Jones LONDON, May 13 (Reuters) - Two of the world's biggest market infrastructure companies are joining forces to help banks track down enough cash to underpin their derivatives trades, spurred by new regulation that aims to make safe a...Tags: Business Enterprises, Marketing, Economy, Business and Finance, Finance, Investments
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COLUMN-Tennessee Valley Authority to remain publicly owned: Kemp
ReutersBy John Kemp LONDON, May 10 (Reuters) - For free-market purists, the Tennessee Valley Authority (TVA) is a monstrous hybrid - part giant electric producer, part government agency. The Obama administration has announced a strategic review that could...Tags: U.S. Congress, Politics, Laws, Hydroelectricity, Finance
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Chinese investors to fund Pa. turnpike I-95 connection
(MCT) — To help pay for the construction of the long-awaited connection between the Pennsylvania Turnpike and I-95, turnpike officials plan to borrow $200 million from wealthy foreign investors. The investors, expected to be primarily from China,...Tags: Business, Bonds, Philadelphia (Philadelphia, Pennsylvania), Credit Ratings, U.S. Congress
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An eye for a deal could replace Ferguson's football focus
ReutersBy Sinead Cruise LONDON, May 9 (Reuters) - Retiring as coach of English soccer team Manchester United will give Sir Alex Ferguson, who famously described himself as "such a bloody talented guy", more time for the other strings in his bow, including a...Tags: Soccer, Manchester United F.C., Economy, Business and Finance, Real Estate, Sports
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Left wing set to win in Canada's BC, may reshape energy policy
ReutersBy Jennifer Kwan VICTORIA, British Columbia, May 9 (Reuters) - The left-leaning New Democrats are set to reshape energy policy in Canada's Pacific province of British Columbia if, as expected, they seize power from the Liberals in Tuesday's elections...Tags: Conservation, Personal Income, National Government, Energy Saving, Elections
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Stifel's first-quarter profit hit by merger-related charges
ReutersMay 9 (Reuters) - Stifel Financial Corp said on Thursday its profit during the first quarter was hit by merger-related charges from its acquisition of smaller rival KBW Inc, but pointed to the strong performance of its wealth management division. The St....Tags: Business Enterprises, Stifel Financial Corporation, Thomson Corporation, Companies and Corporations, Economy, Business and Finance
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Illinois considers extending tax break to small businesses
Legislators are considering a bill that would expand the scope of the state's main economic development program to small businesses. House Bill 1336 calls for eliminating a requirement that companies make a capital investment in the state of at least $1...
Tags: Business Enterprises, Pat Quinn, Business, Executive Branch, Illinois Department of Commerce and Economic Opportunity
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Canadian Tire plans C$3.5 billion REIT, shares soar
Reuters(Reuters) - Canadian Tire Corp , best-known for its namesake automotive and homeware stores, said it plans to create a C$3.5 billion ($3.5 billion) real estate investment trust through an initial public offering in the fall of 2013. The company, which...Tags: Manufacturing and Engineering, Financing and Stock Offerings, Real Estate, Loblaw Companies Limited, Canadian Tire Corporation Limited
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ANALYSIS-"Dead money" for shareholders a pall over investment hopes
ReutersBy Natsuko Waki LONDON, May 9 (Reuters) - A growing trend for companies to return some of their huge cash piles to shareholders rather than using the money to expand their businesses could spell trouble for the global economy. Their reluctance to invest...Tags: Central Bank, Financial Markets, Companies and Corporations, Bank of America Corp., Economy, Business and Finance
May 15, 2013
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May 15, 2013
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May 15, 2013
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May 13, 2013
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May 10, 2013
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May 10, 2013
|Story| Allentown Morning Call
May 9, 2013
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May 9, 2013
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May 9, 2013
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May 10, 2013
|Story| Chicago Tribune
May 9, 2013
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May 9, 2013
|Story| Reuters
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