FDA on Wednesday outlined a proposal that would help reduce the use of some antibiotics in animal production to counter bacterial resistance to those drugs when they are prescribed for humans. *It appears FDA aims to halt or curtail the use of antibiotics for weight gain, Chicago- based Daniels Trading commodities broker Craig Turner told Reuters.» Read More
The slowdown won't affect financial forecasts for Boeing, analysts said, because production of the jet is so limited. Analysts expect Boeing to report solid third-quarter results on Wednesday, and many predict its stock, currently at record levels, will continue climbing. The decision also reflects Boeing's prescience in deciding to build the 787 a decade ago.
Oct 18- Morgan Stanley trimmed its commodity trading risk in the third quarter from the previous quarter, the bank reported on Friday, but held its position as the Wall Street firm with the most money at play in the sector.
NEW YORK, Oct 18- Morgan Stanley's risk-weighted assets related to fixed-income trading fell by 2.7 percent last quarter, Chief Financial Officer Ruth Porat said on Friday. Morgan Stanley is working to shrink some fixed-income trading assets while growing its book of loans, particularly to wealth-management clients.
Morgan Stanley reported a 50 percent rise in revenue as higher income from equities sales and trading made up for a drop in fixed income.
*Quarterly dividend raised to 55 cents/ shr from 50 cents. *Third-quarter profit $2.88/ share vs Street view $2.43. Oct 17- Goldman Sachs Group Inc's bond-trading revenue plunged in the third quarter, and the bank slashed employee compensation costs by 35 percent- an unusual step that signals its concern about performance for the rest of the year.
LONDON/ NEW YORK, Oct 17- Gold prices surged 3 percent on Thursday, boosted by a dollar slide and expectations that a temporary deal to avoid a U.S. debt default might prompt the Federal Reserve not to reduce its monetary stimulus.
*Quarterly dividend raised to 55 cents/ shr from 50 cents. *Third-quarter profit $2.88/ share vs Street view $2.43. Oct 17- Goldman Sachs Group Inc slashed employee compensation costs by 35 percent in the third quarter as bond-trading revenue plunged, an unusual step that signals the investment bank's concern about performance for the rest of the year.
LONDON, Oct 17- Britain is ready to relax its banking rules for any non-European bank, not just those from China who want to set up investment banking operations in London, its chief industry regulator said on Thursday.
Investment firms and big Wall Street banks, including PIMCO, Fidelity Investments, Blackrock Inc, Citigroup Inc and JPMorgan Chase& Co, said they had sold Treasury bonds that expire in the coming weeks, either to protect clients' investment portfolios or their own balance sheets against losses in the event of a U.S. default. 1/ 8 ID: nL1N0HY1JF 3/ 8.
NEW YORK, Oct 16- Clients gave their brokers and bankers at Merrill Lynch Wealth Management and U.S. Trust more money to manage in the third quarter, but revenue at the main wealth businesses of Bank of America Corp fell from the second quarter on reduced trading activity and seasonal lassitude, the bank said Wednesday.
*Fitch puts United States on rating watch negative. NEW YORK, Oct 15- Interest rates on U.S. No one feels confident about a deal yet, "said Mary Beth Fisher, head of U.S. interest rates strategy at SG Corporate& Investment Banking in New York.
NEW YORK, Oct 15- Interest rates on U.S. No one feels confident about a deal yet, "said Mary Beth Fisher, head of U.S. interest rates strategy at SG Corporate& Investment Banking in New York. Interest rates on T-bills due on Oct. 24 and Oct. 31 swung wildly.
Oct 15- Charles Schwab Corp, a U.S. discount broker, posted its highest quarterly profit since the financial crisis on Tuesday as the rising U.S. stock market fueled more customer trading. Schwab's third-quarter revenue of $1.37 billion was its best since the height of the Internet bubble more than a decade ago.
Oct 15- Citigroup Inc posted weaker-than-expected third-quarter earnings on Tuesday, hit by a drop in bond trading revenue after the Federal Reserve refrained from changing its bond buying program and customer activity fell. Citigroup's bond trading revenue dropped 26 percent, or $956 million, excluding an accounting adjustment.
*Investment bank could generate 3- 4 bln Sfr in profit. ZURICH, Oct 13- Credit Suisse has found no evidence of foreign exchange market manipulation and that such a liquid market would be difficult to rig, its chairman said in an interview published on Sunday.
While the U.S. corn-based ethanol industry has issued the most fierce complaints over news this week that the Environmental Protection Agency may ease volumes, it may be Brazilian ethanol producers like Raizen and traders like Royal Dutch Shell PLC and Vitol S.A. who suffer a deeper blow.
*Sugar may extend technical rally to 20- 20.50 cents per lb. Oct 11- Metal prices will be stuck in a rut into next year due to festering uncertainty over the timing and scale of tapering in the United States, with soft commodities such as coffee offering a better chance of returns, said Jefferies Bache's president.
Oct 7- Goldman Sachs Group Inc said on Monday that former World Bank Group president Robert Zoellick will rejoin the investment bank as chairman of its international advisory board. The appointment marks Zoellick's second stint at Goldman Sachs.
SunTrust Robinson Humphrey analyst Robert Peck, the first to rate the stock, suggested Twitter could float at $28- $30 per share, and said it could reach $50 within a year.
Former Wells Fargo boss Richard Kovacevich said Friday that he stands by the assertion he made last month on CNBC's "Squawk Box" that TARP ruined the banks.