*Saks rallies on report it is mulling sale. NEW YORK, May 22- U.S. stock index futures edged up in thin trading Wednesday, ahead of highly anticipated Congressional testimony by Federal Reserve Chairman Ben Bernanke on the economy and monetary policy.
As of this year, the U.S. Commodity Futures Trading Commission subjects companies trading more than $8 billion in swaps to tough oversight unless they do so to hedge price swings in their day-to-day business.
NEW YORK, May 17- SunTrust Banks Inc won an court order on Friday preventing a Connecticut- based hedge fund from moving forward with a $13 million arbitration over mortgage-backed securities.
WASHINGTON, May 16- Big banks won key concessions in the battle over who dominates the $630 trillion derivatives markets as the top U.S. regulator adopted watered-down rules to bring swaps onto exchange-like trading platforms.
WASHINGTON, May 16- Big banks are set to gain key concessions as the top U.S. derivatives regulator meets to vote on watered-down rules for swap trading that will chip away at Wall Street's dominance of the $630 trillion market.
WASHINGTON, May 16- The top U.S. derivatives regulator is set to vote on new rules for swap trading platforms on Thursday that could break open Wall Street's dominant position in the $630 trillion derivatives market.
NEW YORK, May 16- Dow and S&P 500 index futures turned lower on Thursday after U.S. weekly jobless claims unexpectedly rose in the latest week and housing starts fell sharply. S&P 500 futures fell 1.9 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.
*Cisco jumps after earnings, outlook. NEW YORK, May 16- U.S. stock index futures were little changed on Thursday, indicating the S&P 500 may remain near its newest record high ahead of data on the housing and labor markets.
*Research in Motion falls after downgrade. NEW YORK, May 15- U.S. stock index futures were little changed on Wednesday, indicating the S&P 500 may hold near its most recent record high ahead of a glut of economic reports, including data on inflation and manufacturing.
*Research in Motion falls after downgrade. NEW YORK, May 15- U.S. stock index futures were little changed on Wednesday, indicating the S&P 500 may hold near its most recent record high, ahead of data on inflation and manufacturing. *Also at 8:30 a.m. the New York Federal Reserve releases its Empire State Manufacturing Survey for May.
*Sony surges as U.S. fund calls on to spin off unit Exporters lead the gains on further weakening of yen. TOKYO, May 15- Japan's Nikkei share index rose 2.2 percent to break above 15,000 on Wednesday, with Sony Corp surging after a proposal from a U.S. activist fund to list its entertainment unit sent its U.S.-listed shares soaring 10 percent.
*Sony option and share volume far above normal on Monday. *Sony option volume hits records Monday, Tuesday- Trade Alert.
*Sony option and share volume far above normal on Monday. May 14- A surge in option market bets on Sony Corp just before a large hedge fund investor announced a big stake and called for a major restructuring of the company has raised concerns that some traders may have had advance word of the news.
NEW YORK, May 14- Goldman Sachs Group Inc won dismissal on Tuesday of fraud claims brought by a bond insurer over a CDO tied to subprime mortgage securities called Abacus.
*Tesla Motors jumps in premarket, extending recent gains. *U.S. shares of Nokia drop after unveiling new phone. NEW YORK, May 14- U.S. stock index futures edged lower on Tuesday as investors paused following a recent rally that repeatedly took the Dow and S&P 500 to record highs.
TOKYO, May 14- A New York- based hedge fund with a reputation as an activist investor has proposed that Sony Corp spin off its entertainment division via an IPO, saying the move could boost the Japanese electronics firm's shares by as much as 60 percent.
International Securities Exchange LLC, a national securities exchange that specializes in the trading of options contracts, is fighting an injunction that prevented it from listing S&P 500 and Dow Jones options, which are licensed exclusively to CBOE by McGraw-Hill Financial Inc and CME Group Inc's index services.
LONDON, May 13- Two of the world's biggest market infrastructure companies are joining forces to help banks track down enough cash to underpin their derivatives trades, spurred by new regulation that aims to make safe a traditionally risky area of business.
*Elan, Theravance reach royalties deal. NEW YORK, May 13- U.S. stock index futures dipped on Monday, indicating the S&P 500 may retreat from its most recent record high, ahead of data on retail sales. *Investors will look to April retail sales data at 8:30 a.m. for any signs of strength in the consumer.
BUENOS AIRES, May 13- Argentina is embroiled in a high-stakes legal dispute with "holdout" creditors who shunned debt swaps that the South American country hoped would put its 2002 default to rest. Argentina appealed, and a ruling by the 2nd U.S. Circuit Court of Appeals is expected in the coming weeks.