  | | | Fed makes new rate pledge as it launches fresh stimulus | | WASHINGTON (Reuters) - In an unprecedented step, the Federal Reserve said on Wednesday it would hold interest rates near zero until the unemployment rate falls to 6.5 percent as it launched a new round of bond purchases to stimulate the economy. | | | |  | | | Serious differences remain on "fiscal cliff" as talks drag on | | WASHINGTON (Reuters) - Sharp differences remained on Wednesday between congressional Republicans and the White House in talks to avert the "fiscal cliff" of steep tax hikes and budget cuts, and negotiators warned the showdown could drag on past Christmas. | | | |  | | | Berkshire buys $1.2 billion in stock from single investor | | (Reuters) - Warren Buffett's conglomerate Berkshire Hathaway Inc bought back $1.2 billion in stock from the estate of an unnamed investor, the company said on Wednesday, one day after Buffett advocated for a higher estate tax when the wealthy die. | | | |  | | | Victims of 1983 Beirut bombing drop Standard Chartered lawsuit | | NEW YORK (Reuters) - The estates of victims of the 1983 bombing of U.S. Marine barracks in Beirut have dropped a lawsuit against Standard Chartered Plc that accused the bank of concealing Iranian transactions that could have satisfied a $2.67 billion judgment. | | | |  | | | DuPont curtails spending due to fiscal cliff | | NEW YORK (Reuters) - Chemical maker DuPont will spend less on capital projects next year than initially planned due to uncertainty about the U.S. "fiscal cliff," Chief Executive Ellen Kullman said in an interview. | | | | | NY loses ruling on fees paid to Ernst & Young by Lehman | | NEW YORK (Reuters) - The New York attorney general has no authority to claim $150 million in fees that Ernst & Young earned from Lehman Brothers Holdings in the years leading up to Lehman's collapse in 2008, a judge ruled on Wednesday. | | | |  | | | With Germany's backing, EU nears banking union deal | | BRUSSELS (Reuters) - Germany signaled on Wednesday it was ready to back plans to give the European Central Bank new powers to supervise banks across the bloc, raising the prospect of a breakthrough on the European Union's most ambitious financial reform. | | | |  |  | | | 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 | |
No comments:
Post a Comment