  | | | Wall Street sees holes in Fed's new policy-tightening plan | | NEW YORK (Reuters) - No sooner did the Federal Reserve reveal its plan for eventually tightening U.S. monetary policy than many on Wall Street flagged problems with the mechanics of the strategy, and said more adjustments would have to come. | | |  | | | U.S. stocks end up; Dow, S&P 500 at record highs | | NEW YORK (Reuters) - U.S. stocks ended higher on Thursday, pushing both the Dow and S&P 500 to record closing highs, a day after the U.S. Federal Reserve kept intact its pledge to keep interest rates low. | | | |  | | | Institutionals to get lion's share of Alibaba spoils | | (Reuters) - Big institutional investors like Blackrock will likely get the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said. | | | |  | | | Oracle's Ellison steps aside, co-CEOs Catz and Hurd take over | | SAN FRANCISCO (Reuters) - Oracle Corp's longstanding Chief Executive Larry Ellison stepped down on Thursday, to be replaced by co-CEOs Safra Catz and Mark Hurd, as the business software company looks to modernize and fend off fast-moving cloud-based rivals. | | | |  | | | Microsoft lays off 2,100, axes Silicon Valley research | | SEATTLE (Reuters) - Microsoft Corp will close its Silicon Valley research-and-development operation as part of 2,100 layoffs announced on Thursday, as it moves toward its new CEO's goal of cutting 18,000 staff, or about 14 percent of its workforce. | | | |  | | | Argentina, Citigroup face tough questioning in bond appeal | | NEW YORK (Reuters) - A U.S. appeals court signaled its displeasure with Argentina on Thursday as Citigroup Inc warned it faces "serious and imminent hazard" if it follows a judge's order not to process an upcoming interest payment due to bondholders. | | | |  | | | A year later, most mega IPOs are mega laggards | | NEW YORK (Reuters) - If history is any guide, investors who miss out on getting a slice of Alibaba's massive initial public offering may want to think twice about jumping into the stock once it hits the New York Stock Exchange. | | | |  | | | U.S. household net worth rises to record $81.5 trillion | | WASHINGTON (Reuters) - The net worth of Americans hit a record high in the second quarter as the stock market climbed, while household debt rose at its fastest pace since 2007 in a sign of growing confidence among U.S. consumers. | | | |  |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | |  | |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | | » MORE NEWSLETTERS | |
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