Michael Karsch is hoping to apply the lessons of juice to his old business of hedge funds.» Read More
NEW YORK, Jan 31- JPMorgan Chase& Co, the largest U.S. bank, agreed to pay $99.5 million to settle its portion of an antitrust lawsuit in which investors accuse 12 major banks of rigging prices in the $5.3 trillion- a-day foreign exchange market. Made public on Friday night, the settlement is the first in the nationwide litigation and resolved claims over JPMorgan's...
NEW YORK— More than 2 million Toyota, Chrysler and Honda vehicles are being recalled for a second fix for faulty air bags that may inadvertently inflate while the car is running. The agency says about 1 million Toyota and Honda vehicles involved in the new recalls are also subject to a separate recall related to defective air bags made by Takata Corp. of Japan.
Final decisions are not imminent in the efforts to find successors to Philadelphia Fed President Charles Plosser, who steps down March 1, and Richard Fisher of the Dallas Fed, who retires on March 19. James McAndrews, who heads up research at the neighboring New York Fed, was considered for the job in Philadelphia, where he once worked. Regular golfing partners,...
LAGUNA BEACH, California— An exceedingly opulent seaside resort in Southern California has sold for an eye-popping $360 million. That price tag for the Montage Laguna Beach— which comes to $1.4 million per room— "shattered the price barrier for California hotels by a wide margin," hotel consultant Alan Reay of Atlas Hospitality tells the Los Angeles Times on...
SARASOTA, United States- Federal Reserve Bank of Atlanta Executive Vice President David Altig and Federal Reserve Bank of Dallas Senior Vice President Mine Yucel participate in "The Economic Outlook, Monetary Policy and Energy: Thoughts from Federal Reserve Research Directors" event hosted by the New College of Florida and the Global Interdependence...
SAN FRANCISCO— IBM boss Virginia Rometty will get a $3.6 million bonus for her performance last year, even though the company's sales and profits declined in 2014.. Rometty and other top executives did not take bonuses for 2013, after IBM turned in disappointing results for that year. IBM is also raising her target bonus to $5 million for 2015. In addition, the...
WASHINGTON/ SAN FRANCISCO, Jan 30- AT&T Inc spent close to half the total in the record-setting U.S. sale of airwaves for mobile data, with Dish Network Corp spending heavily to manage a surprise win at No.2 ahead of Verizon, results showed on Friday. Verizon and T-Mobile bids were $10.4 billion and $1.8 billion, respectively, according to the results of the Federal...
NEW YORK— Shares of some top telecom companies were down at the close of trading:. AT&T Inc. fell$. 04 or. 1 percent, to $32.92. Verizon Communications Inc. fell$. 40 or. 9 percent, to $45.71.
American Express Co. fell $1.31 or 1.6 percent, to $80.69. Capital One Financial Corp. fell $1.75 or 2.3 percent, to $73.21. Discover Financial Services fell$. 46 or. 8 percent, to $54.38.
Amgen Inc. fell $4.11 or 2.6 percent, to $152.26. Biogen Idec rose $35.91 or 10.2 percent, to $389.16. Celgene Corp. fell $1.71 or 1.4 percent, to $119.16.
Comcast Corp. fell$. 73 or 1.3 percent, to $53.15. Walt Disney Co. fell $2.26 or 2.4 percent, to $90.96. Gannett fell$. 75 or 2.4 percent, to $31.01.
Arch Coal rose$. 03 or 3.0 percent, to $0.93. Consol Energy Inc. fell$. 31 or 1.1 percent, to $28.95. Peabody Energy rose$. 11 or 1.8 percent, to $6.23.
Advanced Emissions Solutions Inc.: Approximately 1,943,700 shares changed hands, a 1,780.1 percent increase over its 65- day average volume. The shares fell $9.21 or 46.5 percent to $10.61. Books-A-Million Inc.: Approximately 529,000 shares changed hands, a 2,431.4 percent increase over its 65- day average volume.
NEW YORK— Shares of some top construction companies were mixed at the close of trading:. Fluor rose$. 55 or 1.0 percent, to $53.59. Quanta Services Inc. fell$. 31 or 1.2 percent, to $26.48.
Canadian National Railway Co. fell $1.02 or 1.5 percent, to $65.98. Canadian Pacific Railway Ltd. fell $3.44 or 1.9 percent, to $174.67. Kansas City Southern fell$. 73 or. 7 percent, to $110.09.
General Electric Co. fell$. 19 or. 8 percent, to $23.89. Snap-On fell $2.53 or 1.9 percent, to $132.71. Whirlpool Corp. fell $4.87 or 2.4 percent, to $199.08.
Kelly Services Inc. class A rose$. 30 or 1.8 percent, to $16.90. Korn/Ferry International Inc. fell$. 48 or 1.7 percent, to $28.50. ManpowerGroup rose $7.98 or 12.3 percent, to $72.88.
eBay fell$. 96 or 1.8 percent, to $53.00. Google Inc class A rose $24.32 or 4.7 percent, to $537.55. Groupon Inc. fell$. 18 or 2.5 percent, to $7.16.
Hecla Mining Co. rose$. 17 or 5.4 percent, to $3.29. Pan American Silver Corp. rose$. 55 or 5.0 percent, to $11.66. Silver Standard Resources Inc. rose$. 28 or 4.8 percent, to $6.17.
Colgate-Palmolive Co. fell $1.51 or 2.2 percent, to $67.52. Kimberly-Clark Corp. fell $2.26 or 2.1 percent, to $107.96. Procter& Gamble Co. fell $1.38 or 1.6 percent, to $84.29.