  | | | Wall St slips but S&P up for 3rd straight week | | NEW YORK (Reuters) - The S&P and Nasdaq notched their eighth week of gains out of the last nine, but momentum ran out on Friday as stocks ended the day lower in a thinly traded session. | | |  | | | Facebook adding more banks for IPO: sources | | SAN FRANCISCO (Reuters) - Facebook Inc will add more banks in coming weeks to help underwrite the company's initial public offering, two sources familiar with its plans said on Friday. | | | |  | | | Insight: Wall Street, Fed face off over physical commodities | | NEW YORK (Reuters) - Wall Street's biggest banks are locked in an increasingly frantic struggle with the Federal Reserve over the right to retain the jewels of their commodity trading empires: warehouses, storage tanks and other hard assets worth billions of dollars. | | | |  | | | Yelp shares soar on market debut | | (Reuters) - Consumer review website Yelp Inc's shares traded more than 60 percent above their initial public offering price in their market debut on Friday, as investors rushed to buy a piece of the growing local advertising market. | | | |  | | | Citigroup Chairman Parsons stepping aside: report | | (Reuters) - Richard Parsons is stepping down as chairman of Citigroup Inc and is expected to be replaced by Michael O'Neill, the former chief executive of Bank of Hawaii Corp, the Wall Street Journal's website reported late on Friday afternoon. | | | |  | | | U.S. risks persist, China in good stead so far: IMF | | PUNTA DEL ESTE, Uruguay (Reuters) - A renewed drop in housing prices could thwart the U.S. economic recovery in the short term while Washington's lack of a "credible, comprehensive" fiscal plan poses a major medium-term risk, a top IMF official said. | | | | | Merkin close to settling with NY for $400 million: source | | NEW YORK (Reuters) - Financier J. Ezra Merkin, accused of secretly steering $2.4 billion in client funds to Ponzi schemer Bernard Madoff, is close to settling a lawsuit brought by the New York attorney general for about $400 million, according to a person close to the matter. | | | |  | | | Pact for budget discipline signed by 25 EU states | | BRUSSELS (Reuters) - All but two European Union countries signed a treaty on tighter budget discipline for the euro zone on Friday, marking a coup for Germany which pushed for the accord to try to prevent a repeat of the loose spending that led to a debt crisis. | | | | | Morgan Stanley banker charged with hate crime | | (Reuters) - A senior Morgan Stanley investment banker was placed on leave after police accused him of hurling racial slurs at a taxi driver of Middle Eastern descent and stabbing him in the hand with a pen knife over a fare dispute. | | | |  | | | Neiman profit nearly doubles on luxury sales spike | | (Reuters) - Neiman Marcus Group Inc reported a higher quarterly profit on Friday as high-end shoppers snapped up more of the luxury department store operator's expensive designer dresses, shoes and handbags during the holiday period. | | | |  |  | | | 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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