WASHINGTON, July 23- U.S. regulators adopted moderate reforms for money market mutual funds on Wednesday, in what amounted to a compromise that aims to balance the need to reduce the risk of runs on the funds while still protecting the product's utility for investors.
The reform will impact a wide variety of asset managers, from Blackrock Inc, Fidelity and Vanguard to Charles Schwab Corp, Pimco and Federated Investors Inc.. The two-pronged reform for the $2.6 trillion industry comes after a long battle between the SEC, the industry and federal banking regulators.
The gains wiped out much of the market's losses from the day before, when the downing of a Malaysian Airlines passenger jet in eastern Ukraine stirred concerns that tensions between Russia and the West could escalate. Israel's launch of a ground offensive into Gaza also stoked geopolitical uncertainty.
NEW YORK, July 14- Global equity markets rose on Monday, lifted by Citigroup's earnings and as investors put aside concerns about euro zone banks, while the dollar was little changed ahead of congressional testimony from the chair of the U.S.
NEW YORK, July 11- Major global equities markets edged higher and the yen stabilized against the U.S. dollar on Friday as worries about Portugal's biggest bank ebbed, while oil prices dropped on easing concern about supply losses in the Middle East.
*Wells Fargo falls, more banks' earnings due next week. Shares of Wells Fargo& Co., down 0.5 percent at $51.54, were in the spotlight as the biggest U.S. mortgage lender was the first major U.S. bank to report earnings. Wells Fargo's results will be followed next week by earnings from Citigroup, Goldman Sachs, JPMorgan Chase and Bank of America.
NEW YORK, July 11- Major global equities markets steadied and the yen stabilized against the U.S. dollar on Friday as worries about Portugal's biggest bank ebbed, while oil prices dropped on easing concern about supply losses in the Middle East.
NEW YORK, July 11- Major global equities markets steadied and the yen stabilized against the U.S. dollar on Friday as worries about Portugal's biggest bank eased.
*Wells Fargo falls, but revenue tops forecasts. Wells Fargo& Co reported revenue that beat expectations, though for the first time since 2009, the bank did not increase its earnings-per-share from the preceding quarter. Fastenal Co slumped 4.6 percent to $45.92 after revenue missed expectations.
*MSCI's world index hits fresh peak, as do Dow, S&P 500. MSCI's all-country world index, which covers about 85 percent of potential global stock investments, rose 0.22 percent to a record high. Jacob Oubina, senior U.S. economist at RBC Capital Markets in New York, called the Labor Department report "extremely bullish" as nonfarm payrolls increased by 288,000 jobs.
NEW YORK, June 26- U.S. healthcare companies are winning higher profit forecasts, bucking a wider trend on Wall Street, as pricey new biotech drugs hit the market and insurance enrollment rises under the Affordable Care Act.
NEW YORK, June 25- The U.S. dollar slid to a one-month low against a basket of major currencies on Wednesday after weak U.S. gross domestic product and durable goods orders data signalled the likelihood of a continued dovish stance from the Federal Reserve.
NEW YORK, June 20- Argentina may hyperventilate about greedy hedge funds right up to and past the point of another default on $100 billion of bonds, but posturing and talk won't stop events beyond its control from forcing a settlement with holdout bondholders, whether it's next week, next month or next year, experts said.
NEW YORK, June 12- Crude oil prices spiked on Thursday on worries over supply as violence escalated in Iraq, while a worldwide equities gauge edged down after Wall Street opened lower.
NEW YORK, May 30- Global equity markets edged slightly lower on Friday as fears that growth expectations are too high offset mostly solid economic data, while the dollar eased on the likelihood the European Central Bank will deliver monetary stimulus next week.
*Hillshire jumps, Tyson's bid outshines Pilgrim's Pride's. "Personal consumption was actually revised up, it was a big number and it held," said Phil Orlando, chief equity market strategist at Federated Investors in New York, referring to details in the gross domestic product data released earlier in the day.
*Hillshire shares jump as Tyson bids more than Pilgrim's Pride. NEW YORK, May 29- U.S. stocks rose at the open on Thursday on expectations of strong growth in the second quarter, even as data showed the world's largest economy contracted in the first quarter.
*Better-than-expected housing data lift Wall Street to record Bond prices rise on Greece, Ukraine elections worries. NEW YORK, May 23- Global equity markets edged higher on Friday after better-than-expected U.S. housing data lifted Wall Street into record territory but yields on Treasuries fell over uncertainty about elections in Ukraine over the weekend.
Oil falls toward $108 on supply build, Libya prospects. Wall Street initially slid after the Commerce Department said U.S. gross domestic product expanded at a 0.1 percent annual rate in the first quarter, the slowest pace since the fourth quarter of 2012..
*Traders now see first Fed rate hike in July 2015. WASHINGTON/ SAN FRANCISCO, April 9- Federal Reserve officials fretted last month that investors would overreact to policymakers' fresh forecasts on interest rates that appeared to map out a more aggressive cycle of rate hikes than was actually anticipated.