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WRAPUP 2-Fed hawks unite in call to retreat from mortgage stimulus
ReutersBy Kristen Hays and Francesca Landini HOUSTON/MILAN, May 16 (Reuters) - A trio of hawkish regional Federal Reserve officials are calling for the U.S. central bank to stop buying mortgage-backed bonds, citing recent improvement in the housing market....Tags: Finance, Securities, Petroleum Industry, Economy, Business and Finance, Financial Markets
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Peggy Stewart House for sale in Annapolis
Tucked away in the state's capital, adjacent to the Naval Academy, sits the Peggy Stewart House, a historic house that played an important role in the American Revolution and was home at different times to a signer of the Constitution and a signer of...
Tags: American Revolutionary War (1775-1783), Annapolis, Human Interest, Arts and Culture, United States Naval Academy
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China president takes charge of sweeping economic reform plans-sources
ReutersBy Kevin Yao BEIJING, May 17 (Reuters) - Chinese President Xi Jinping has taken charge of drawing up ambitious reform plans to revitalise the economy, sources close to the government said, shunning policy stimulus for fear it could worsen local...Tags: Communist Party of China, Finance, Hu Jintao, Economy, Business and Finance, Economic Indicator
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U.S. housing nominee vows to divest bank stock if confirmed
ReutersWASHINGTON, May 16 (Reuters) - U.S. Representative Mel Watt, nominated by President Barack Obama to serve as a top housing regulator, plans to divest bank stock he owns if confirmed in the post, according to a statement filed with the Office of Government...Tags: Finance, Economy, Business and Finance, Religion and Belief, Goldman Sachs Group, Inc., Barack Obama
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ACC wraps up spring meetings
AMELIA ISLAND — The ACC spring meetings ended Thursday with relative silence, perhaps a sign of the stabilty the league now enjoys. There were issues key issues the conference’s expanded group of leaders confronted during their four days...
Tags: Pittsburgh Panthers, Atlantic Coast Conference, Basketball, Georgia Tech Yellow Jackets, Florida State Seminoles
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Europe banks hesitate to join rush for new share capital
ReutersLONDON (Reuters) - A wave of investor demand that has allowed Deutsche Bank and two other lenders to raise six billion euros ($7.7 billion)in new share capital in the past month is unlikely to prompt other European banks to go to their shareholders for...Tags: Finance, European Central Bank, Foreign Exchange Market, Economy, Business and Finance, National Bank of Greece SA
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REFILE-Bank documents portray Cyprus as Russia's favourite haven
ReutersBy Stephen Grey, Michele Kambas and Douglas Busvine NICOSIA, May 15 (Reuters) - When the Cyprus bank run began earlier this year, Russians set much of the pace. Documents seen by Reuters show that as the Mediterranean island headed towards financial...Tags: Finance, Mauritius, Economy, Business and Finance, Central Bank, Nicosia (Cyprus)
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RPT-INSIGHT-Dimon has big say over who serves on JPMorgan board
ReutersBy Nadia Damouni, David Henry and Ross Kerber May 16 (Reuters) - For years, JPMorgan Chase & Co Chairman and CEO Jamie Dimon and other executives have hand-picked new directors, in a practice that is now unusual for a major U.S. bank. The JPMorgan...Tags: Finance, Companies and Corporations, Museum of Natural History, Corporate Officers, Board of Directors
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WRAPUP 1-Data raises questions about strength of U.S. economy
Reuters* U.S. claims rise sharply in latest week * Housing starts drop more than expected in April * Inflation data points to softer demand in economy By Jason Lange WASHINGTON, May 16 (Reuters) - The U.S. economy showed worrisome signs as jobless claims rose...Tags: Unemployment Benefits, Gasoline Industry, Prices, Economic Indicator, Consumers
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FACTBOX-What changes in swaps trading after Thursday vote?
ReutersWASHINGTON, May 16 (Reuters) - The top U.S. derivatives regulator is set to vote on new rules for swap trading platforms on Thursday that could break open Wall Street's dominant position in the $630 trillion derivatives market. The trading rules were a...Tags: Mutual Funds, Finance, Economy, Business and Finance, Financial Markets, Bank of America Corp.
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Tesla Motors gear shift catches out many on Wall Street
ReutersBy Stephen Lacey May 16 (IFR) - Shrieks of pain could be heard across Wall Street last night as short-sellers were hit by the market's reaction to Tesla Motors' circa US$830m equity raise. Shares of the electric car manufacturer spiked 7.6% to US$91....Tags: Finance, Tesla Motors, Inc., Fuel-efficient Vehicles, Elon Musk, Economy, Business and Finance
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Market Chatter-Corporate finance press digest
ReutersMay 16 (Reuters) - The following corporate finance-related stories were reported by media on Thursday: * Dish Network Corp has lined up four banks to finance its $25.5 billion bid for Sprint Nextel Corp, escalating the bidding war against Japanese...Tags: Finance, Italy, Bain Capital, LLC, Sprint Nextel Corporation, Economy, Business and Finance
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