A report said Devon Energy, Anadarko Petroleum and Facebook are among the multinational S&P 100 corporations hit with the highest tax rates in 2013.» Read More
Sept 18- Big institutional investors like Blackrock will likely get the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said.
*Mechanical problems seen with diminished repo facility. *Central bank unveiled longer-term' normalization' plan. NEW YORK, Sept 18- No sooner did the Federal Reserve reveal its plan for eventually tightening U.S. monetary policy than many on Wall Street flagged problems with the mechanics of the strategy, and said more adjustments would have to come.
*Visa exploring options for 5.5 pct stake in Monitise. *Visa fourth-biggest stakeholder in Monitise. Sept 18- Monitise Plc lost more than a third of its market value after Visa Inc, its biggest customer, revealed plans to divest its stake in the company and pursue development of its own mobile payment systems.
Bank of America Corp. rose$. 35 or 2.1 percent, to $17.12. Morgan Stanley rose$. 61 or 1.7 percent, to $36.17. US Bank rose$. 35 or. 8 percent, to $43.04.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Bank of America Corp. rose 2.1 percent to $17.12 with 60,623,700 shares traded. Citigroup Inc. rose 2.8 percent to $53.85 with 15,105,100 shares traded.
WASHINGTON, Sept 18- The Federal Reserve on Thursday disciplined Spain's Santander over paying out a dividend without approval, as it tightens control of how foreign banks manage risk in the United States.
LONDON, Sept 18- Investors are starting to price the risk of Russia's credit rating falling to junk if Western sanctions and Moscow's response plunge the economy into recession and deplete its $450 billion reserves. Moody's, which rates Russia Baa1 or three notches above junk, said this week that the latest sanctions were credit negative.
WASHINGTON, Sept 17- The U.S. derivatives regulator on Wednesday proposed a new rule for safety margins for uncleared swaps, a last remaining building block in its efforts to make the $710 trillion global market safer.
Bank of America Corp. rose$. 06 or. 4 percent, to $16.77. JPMorgan Chase rose$. 32 or. 5 percent, to $60.31. US Bank rose$. 32 or. 8 percent, to $42.69.
In a speech before New York University School of Law, Holder made some of his most extensive comments yet on how the department might better prosecute white-collar crime, proposing larger rewards for Wall Street whistleblowers and more FBI agents with forensic accounting expertise.
WASHINGTON, Sept 17- The U.S. derivatives regulator on Wednesday met to propose a new rule for safety margins for uncleared swaps, a last remaining building block in its efforts to make the $710 trillion global market safer.
WASHINGTON— The Justice Department expects to bring criminal charges in the coming months in investigations involving financial institutions, Attorney General Eric Holder said Wednesday as he called for better incentives for Wall Street whistleblowers who report crime.
Citigroup Inc. rose$. 10 or. 2 percent, to $52.46. Goldman Sachs rose$. 33 or. 2 percent, to $184.37. JPMorgan Chase rose$. 04 or. 1 percent, to $60.03.
Bank of America Corp. rose$. 08 or. 5 percent, to $16.79. Citigroup Inc. rose$. 15 or. 3 percent, to $52.51. Goldman Sachs rose$. 45 or. 2 percent, to $184.49.
CHICAGO, Sept 17- Package delivery company FedEx Corp should enjoy a record holiday peak season thanks to the continued rise of online consumer sales in the United States, company officials said on Wednesday.
LONDON, Sept 17- Sterling crept higher on Wednesday, helped by a handful of polls showing the "No" camp holding onto a slender lead in the run-in to Thursday's referendum on Scottish independence.
Sept 16- Endo International Plc made an unsolicited offer to buy Auxilium Pharmaceuticals Inc for about $2.2 billion, which analysts said could complicate Auxilium's buyout of Canadian eye drug maker QLT Inc.
Bank of America Corp. fell$. 03 or. 2 percent, to $16.71. Citigroup Inc. rose$. 05 or. 1 percent, to $52.36. JPMorgan Chase rose$. 05 or. 1 percent, to $59.99.
WASHINGTON, Sept 16- A U.S. court on Tuesday largely rejected an attempt by banking groups to limit the U.S. swaps regulator's ability to apply its rules overseas, a hotly debated issue as the agency reins in the $710 trillion global market.
Citigroup Inc. fell$. 13 or. 2 percent, to $52.18. Goldman Sachs rose$. 17 or. 1 percent, to $184.15. JPMorgan Chase rose$. 15 or. 3 percent, to $60.09.