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Two midtown Manhattan buildings to sell for more than $1 billion
ReutersBy Ilaina Jonas NEW YORK, May 8 (Reuters) - Two deals to sell two prime midtown Manhattan office buildings for more than $1 billion combined were reached on Wednesday - signaling another hike in New York City's commercial property values. The pending...Tags: Values, Real Estate, Economy, Business and Finance, Grand Central Terminal, New York City
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Fed says some were underpaid in U.S. foreclosure settlement
ReutersWASHINGTON, May 8 (Reuters) - A multi-bank settlement with regulators over past foreclosure abuses ran into new problems when some borrowers received smaller checks than they should have, the Federal Reserve said on Wednesday. Some 4.2 million people are...Tags: The New York Times, Morgan Stanley Dean Witter & Company, Foreclosures, Citigroup Incorporated, Federal Reserve
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Fed says some were underpaid in foreclosure settlement
ReutersWASHINGTON (Reuters) - A multi-bank settlement with regulators over past foreclosure abuses ran into new problems when some borrowers received smaller checks than they should have, the Federal Reserve said on Wednesday. Some 4.2 million people are...Tags: Office of the Comptroller of the Currency, Bank of America Corp., The New York Times, Foreclosures, Morgan Stanley Dean Witter & Company
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US STOCKS SNAPSHOT-Wall St turns higher, led by banks and tech
ReutersNEW YORK, May 8 (Reuters) - U.S. stocks turned higher on Wednesday, putting the S&P 500 on track for a fifth straight day of gains as financial and technology companies led the way higher. JPMorgan Chase & Co rose 1.1 percent to $49.70 while Bank of...Tags: Bank of America Corp., Financial Markets, S&P 500, Stock Activities, Nasdaq Composite
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Wall Street pasa a terreno positivo por acciones bancarias y tecnológicas
ReutersNUEVA YORK (Reuters) - Las acciones estadounidenses cambiaron de rumbo y operaban en alza el miércoles, colocando al índice S&P 500 camino a su quinto día seguido de ganancias, mientras los papeles de empresas financieras y tecnológicas encabezaban la...Tags: Bank of America Corp., Financial Markets, S&P 500, Nasdaq Composite, Stock Market
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Dow Jones cierra arriba de 15.000 pts, S&P 500 extiende racha de records
ReutersPor Caroline Valetkevitch NUEVA YORK, 7 mayo (Reuters) - El promedio Dow Jones industrial cerró por encima de 15.000 puntos el martes y alcanzó por primera vez esa marca histórica, mientras que el S&P 500 estableció un nuevo récord, extendiendo el...Tags: Financial Markets, S&P 500, Nasdaq Composite, Stock Market
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Sea cucumbers, abalone off the menu in China frugality drive
ReutersBy Kevin Yao and Megha Rajagopalan BEIJING, May 8 (Reuters) - President Xi Jinping's crackdown on Chinese government extravagance has emptied top-end restaurants and dented the sale of expensive food and drink, putting downward pressure on the world's...Tags: Economic Indicator, Political Corruption, National Government, Restaurants, Lifestyle and Leisure
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JGBs dip on China data, disappointment over BOJ demand
ReutersTOKYO, May 8 (Reuters) - Japanese government bonds dipped slightly on Wednesday as China's strong trade data lifted investor risk sentiment and on disappointment over a lack of bond buying by the Bank of Japan. * The price of 10-year JGB futures...Tags: China, Japan
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Diverse set of issuers boosts issuance in US high-grade market
ReutersBy Shankar Ramakrishnan NEW YORK, May 7 (IFR) - As expected, Tuesday turned into a deal gusher with 11 high-grade issuers raising USD10.7bn and taking the total volumes for the week to USD13.275bn. With talk that Wednesday will see a USD2bn-$3bn trade...Tags: Banking, Bonds, HSBC Holdings plc, Economy, Business and Finance, Morgan Stanley Dean Witter & Company
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PRESS DIGEST - Financial Times - May 8
ReutersMay 8 (Reuters) - Headlines Qatar eyes Bankia stake in British Airways, Iberia parent () Santander, private equity firms plan auto finance unit IPO () Glass Lewis calls on Jamie Dimon to drop chairman role () Lisbon enjoys strong investor demand...Tags: Bonds, British Airways Plc, Finance, Economy, Business and Finance, United Kingdom
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PRESS DIGEST - British Business - May 8
ReutersMay 8 (Reuters) - The Telegraph GOVERNMENT NEEDS TO BE CLEAR ON ITS TAX MESSAGE, SAYS CBI British companies are feeling "schizophrenic" as a result of mixed messaging from politicians over their tax affairs, according to the CBI. () MORRISONS...Tags: HSBC Holdings plc, Insurance, Economy, Business and Finance, Corporate Officers, Ultimate Fighting Championship
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Goldman Sachs must face fraud claims from insurer -N.Y. court
ReutersBy Joseph Ax NEW YORK, May 7 (Reuters) - Goldman Sachs Group Inc must face fraud claims brought by CIFG Assurance North America over insurance it provided for $275 million in mortgage-backed securities, a New York state appeals court ruled on Tuesday....Tags: Defendants, Insurance, Judges, Derivative Securities, Corporate Crime
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