For the first time, Fed officials have offered an account that differs significantly from the versions that, for many, have hardened into history.» Read More
NEW YORK— PayPal's split from long-time partner eBay Inc. makes Carl Icahn mighty happy. Icahn, who months ago called on eBay to spin off the lucrative online and mobile payment service, continues to believe that the payments field must be consolidated, either by PayPal buying up smaller rivals or by merging with another major player.
Bank of America Corp. rose$. 04 or. 2 percent, to $17.05. Citigroup Inc. fell$. 23 or. 4 percent, to $51.82. Goldman Sachs fell$. 26 or. 1 percent, to $183.57.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Advanced Micro Devices Inc. fell 2.5 percent to $3.46 with 38,879,700 shares traded. Alpha Natural Resources Inc. rose 5.3 percent to $2.38 with 9,841,400 shares traded.
Bank of America Corp. rose$. 03 or. 1 percent, to $17.04. Citigroup Inc. fell$. 16 or. 3 percent, to $51.89. Wells Fargo rose$. 20 or. 4 percent, to $51.89.
Bank of America Corp. fell$. 01 or. 1 percent, to $17.00. Citigroup Inc. fell$. 20 or. 4 percent, to $51.85. Goldman Sachs fell$. 78 or. 4 percent, to $183.05.
*Euro slips below $1.26 for 1st time in 2 years. LONDON, Sept 30- The dollar surged to a four-year high against a basket of currencies and a two-year high against the euro on Tuesday after euro zone inflation fell in September, putting the greenback on track for its best quarter in six years.
NEW YORK— PayPal's impending split from long-time partner eBay Inc. will ratchet up its appeal to online retail competitors such as Amazon.com and give it the freedom to aggressively take on new mobile pay challenger Apple Pay. For eBay, the challenge will be how to drive revenue without its fastest-growing division.
Sept 30- PennTex Midstream Partners LP, a master limited partnership formed by PennTex Midstream Partners LLC, filed with U.S. regulators for an initial public offering of common units.
Sept 30- Energy logistics company PennTex Midstream Partners LP filed with U.S. regulators for an initial public offering of common units. Citigroup, Barclays, RBC Capital Markets and Tudor Pickering Holt& Co are the lead underwriters for the IPO, the company said in a prospectus filed with the U.S. Securities and Exchange Commission on Tuesday.
LONDON- Bank of England Monetary Policy Committee member David Miles speaks at London School of Economics and Political Science- 1730 GMT. VIENNA- ECB Executive Board member Sabine Lautenschlaeger speaks at the annual supervisory conference in Vienna on the topic: "National supervision within a European system- getting the balance right"- 0745 GMT.
Bank of America Corp. fell$. 02 or. 1 percent, to $17.01. Citigroup Inc. fell$. 44 or. 8 percent, to $52.05. Goldman Sachs fell $1.29 or. 7 percent, to $183.83.
Sept 29- Chinese e-cigarette maker Kimree Inc filed to list its shares in the United States at a time when e-cigarette companies are finding it harder to raise capital amid rising competition and increasing regulatory oversight.
Bank of America Corp. fell$. 05 or. 3 percent, to $16.99. Citigroup Inc. fell$. 39 or. 7 percent, to $52.10. Goldman Sachs fell $1.55 or. 8 percent, to $183.57.
Sept 29- Chinese e-cigarette company Kimree Inc filed with U.S. regulators on Monday to raise up to $125 million in an initial public offering of American depositary shares. Citigroup is underwriting the IPO, the Guangdong- based company told the U. S Securities and Exchange Commission in a filing.
*HSBC, Standard Chartered fall as Hong Kong unrest hits markets. LONDON, Sept 29- HSBC, LVMH and other companies exposed to Hong Kong underperformed a broader drop in European stock markets on Monday as civil unrest in the Asian city continued.
Bank of America Corp. fell$. 06 or. 4 percent, to $16.97. Citigroup Inc. fell$. 75 or 1.4 percent, to $51.74. US Bank fell$. 12 or. 3 percent, to $41.75.
*Hong Kong pro-democracy supporters clash with police. LONDON, Sept 29- Gold prices edged up on Monday as political unrest in Hong Kong hit share markets and boosted some investment demand for the metal, while the dollar was trading below a four-year high against a basket of currencies.
ZURICH, Sept 29- Switzerland's largest bank UBS warned it faced new fines after confirming it was holding talks to settle allegations it was involved in rigging foreign exchange rates.
LONDON, Sept 29- The mobile Internet economy remains mostly uncharted territory for app publishers, their competitors, the advertisers who support them, and investors deciding where to place their bets.
A strategy employed by large banks to help hedge funds cut taxes has drawn criticism from U.S. authorities, the Wall Street Journal reported.