News Highlights: Top Equities Stories Of The Day
Post# of 94268
Posted On: 11/06/2013 1:21:37 AM
News Highlights: Top Equities Stories Of The Day
TOP STORIES
BANKS TO BE HIT WITH RATE FINES
EU antitrust regulators are poised to levy massive fines against a group of global banks tied to their alleged attempts to manipulate benchmark interest rates, according to industry officials.
U.S. STOCKS TRIM LOSSES
Stocks pared losses as investors digested a stronger-than-expected reading on the U.S. services industry and looked ahead to key jobs data later in the week. The Dow Jones Industrial Average shed 25 points.
U.S. OCTOBER ISM NONMANUFACTURING INDEX RISES
The U.S. nonmanufacturing sector expanded last month at a slightly faster pace than expected, according to data from the Institute for Supply Management. The reading on employment last month improved significantly.
CVS CAREMARK 3RD-QUARTER PROFIT UP 25%
CVS Caremark earns $1.25 billion, or $1.02 a share, on revenue growth in its pharmacy business, with an added boost from a legal-settlement-related gain. It raised its per-share earnings estimate for the year. Shares rise 3%.
AOL PROFIT DOWN 90% ON RESTRUCTURING COSTS
AOL posted a profit of $2 million, or 2c a share, on restructuring costs and write-downs related to its Patch local news operations. Revenue rose 5.6% to $561.3 million, sending shares up 7%.
FAA TO RELEASE NEW PILOT TRAINING RULES
Enhanced pilot training rules include more stringent proficiency requirements to safely handle airliners during stalls and other unusual maneuvers, according to industry and government officials.
EU FORECASTS SLUGGISH GROWTH
The EU's official economists said that subdued growth will keep the bloc's unemployment rate near record highs through 2015.
CFTC PROPOSES REVISED CAPS FOR COMMODITY TRADERS
Regulators proposed a new set of limits for large traders of commodities such as oil, gold and sugar, a year after a federal court tossed out an earlier set of rules.
SAC CAPITAL PLEA HEARING SCHEDULED
A plea hearing in the blockbuster $1.2 billion insider-trading settlement between SAC Capital Advisors and the U.S. government is set for Friday in federal court in Manhattan.
T-MOBILE SWEEPS IN WIRELESS CUSTOMERS
T-Mobile US pulled in 648,000 of the most valuable wireless subscribers in the third quarter, a better than expected showing that bolstered the company's credibility as a challenger to the highly concentrated U.S. industry's leaders.
J.P. MORGAN'S TALKS WITH DOJ GATHER PACE
Talks between J.P. Morgan Chase and the Justice Department are heating back up after several disagreements threatened to scuttle a landmark pact between the two sides last month, said people close to the talks.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Heard on the Street
INSURING A PATH TO CHINESE REFORM
As Communist Party leaders meet this weekend, there are high hopes the confab will lead to big bang changes to the financial system, writes Aaron Back.
The Wall Street Journal
CHINA'S CENTRAL BANKER LEADS PUSH TO OVERHAUL ECONOMY
With mandatory retirement looming and little to lose politically, China's central banker, Zhou Xiaochuan, used a Communist Party session last November to vent about the lethargic pace of economic reform. One year later, Zhou still has his job and may be more powerful than ever.
TOP STORIES
BANKS TO BE HIT WITH RATE FINES
EU antitrust regulators are poised to levy massive fines against a group of global banks tied to their alleged attempts to manipulate benchmark interest rates, according to industry officials.
U.S. STOCKS TRIM LOSSES
Stocks pared losses as investors digested a stronger-than-expected reading on the U.S. services industry and looked ahead to key jobs data later in the week. The Dow Jones Industrial Average shed 25 points.
U.S. OCTOBER ISM NONMANUFACTURING INDEX RISES
The U.S. nonmanufacturing sector expanded last month at a slightly faster pace than expected, according to data from the Institute for Supply Management. The reading on employment last month improved significantly.
CVS CAREMARK 3RD-QUARTER PROFIT UP 25%
CVS Caremark earns $1.25 billion, or $1.02 a share, on revenue growth in its pharmacy business, with an added boost from a legal-settlement-related gain. It raised its per-share earnings estimate for the year. Shares rise 3%.
AOL PROFIT DOWN 90% ON RESTRUCTURING COSTS
AOL posted a profit of $2 million, or 2c a share, on restructuring costs and write-downs related to its Patch local news operations. Revenue rose 5.6% to $561.3 million, sending shares up 7%.
FAA TO RELEASE NEW PILOT TRAINING RULES
Enhanced pilot training rules include more stringent proficiency requirements to safely handle airliners during stalls and other unusual maneuvers, according to industry and government officials.
EU FORECASTS SLUGGISH GROWTH
The EU's official economists said that subdued growth will keep the bloc's unemployment rate near record highs through 2015.
CFTC PROPOSES REVISED CAPS FOR COMMODITY TRADERS
Regulators proposed a new set of limits for large traders of commodities such as oil, gold and sugar, a year after a federal court tossed out an earlier set of rules.
SAC CAPITAL PLEA HEARING SCHEDULED
A plea hearing in the blockbuster $1.2 billion insider-trading settlement between SAC Capital Advisors and the U.S. government is set for Friday in federal court in Manhattan.
T-MOBILE SWEEPS IN WIRELESS CUSTOMERS
T-Mobile US pulled in 648,000 of the most valuable wireless subscribers in the third quarter, a better than expected showing that bolstered the company's credibility as a challenger to the highly concentrated U.S. industry's leaders.
J.P. MORGAN'S TALKS WITH DOJ GATHER PACE
Talks between J.P. Morgan Chase and the Justice Department are heating back up after several disagreements threatened to scuttle a landmark pact between the two sides last month, said people close to the talks.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Heard on the Street
INSURING A PATH TO CHINESE REFORM
As Communist Party leaders meet this weekend, there are high hopes the confab will lead to big bang changes to the financial system, writes Aaron Back.
The Wall Street Journal
CHINA'S CENTRAL BANKER LEADS PUSH TO OVERHAUL ECONOMY
With mandatory retirement looming and little to lose politically, China's central banker, Zhou Xiaochuan, used a Communist Party session last November to vent about the lethargic pace of economic reform. One year later, Zhou still has his job and may be more powerful than ever.
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