| | Wall Street ends mostly higher in late rebound | NEW YORK (Reuters) - Stocks mostly rose in a late rebound on Friday, with the Dow and S&P 500 ending two days of heavy losses, though traders continued to fret over planned changes to the Federal Reserve's easy money policy. | | | | | Bernanke bond announcement 'inappropriately timed:' Fed's Bullard | WASHINGTON (Reuters) - St. Louis Federal Reserve Bank President James Bullard on Friday issued a sharp rebuke of his colleagues' decision this week to announce a plan to reduce the central bank's bond buying, calling the move premature and worrying the Fed is risking its credibility as a force for price stability. | | | | | | Former Enron CEO Skilling's sentence cut to 14 years | HOUSTON (Reuters) - Former Enron Corp Chief Executive Jeffrey Skilling's near decade-long quest to prove he did nothing wrong at the once high-flying energy-trading behemoth ended on Friday when a federal judge shaved 10 years off of his prison sentence. | | | | | | Fund manager gets 11 years for Facebook, Groupon shares scam | NEW YORK (Reuters) - Former fund manager John Mattera was sentenced to 11 years in prison on Friday, after pleading guilty of defrauding investors of $13 million with a story that he put their money in Facebook Inc and Groupon Inc shares before the companies went public. | | | | | | New U.S. trade chief focused on India, striking deals | WASHINGTON (Reuters) - New U.S. Trade Representative Michael Froman on Friday said he expected growing trade problems with India to be a major early focus of his tenure, but stopped short of saying the United States should cut off benefits for that country. | | | | | | Apax Partners raises $7.5 billion private equity fund | NEW YORK (Reuters) - Apax Partners LLP said on Friday it had raised $7.5 billion for its latest global private equity fund, Apax VIII, two years after it approached investors with the goal of raising $11.8 billion (9 billion euros) from them. | | | | | | Morgan Stanley finishes wealth business buyout | (Reuters) - Morgan Stanley said it will buy the rest of its wealth-management joint venture with Citigroup Inc by the end of the month, completing a deal started during the financial crisis that was designed to stabilize both banks. | | | | | | | 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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