WASHINGTON, March 9- Central bank efforts to become more predictable on future interest rate moves have smoothed out short-term upsets in financial markets but could also lead to excessive risk-taking, research from the Bank for International Settlements said on Sunday.» Read More
Federal Reserve turned the table on investors, making big winners out of some nimble buyers and losers out of those who had expected policymakers to follow through on hints of a cut in their support for markets.
SYDNEY, Sept 19- The dollar languished at a seven-month low against a basket of major currencies in Asia on Thursday after the Federal Reserve wrong footed many investors who had positioned for a scaling back in its massive stimulus program. It has fallen to levels seen well before Fed Chief Ben Bernanke first floated the idea of tapering the stimulus back in May.
WASHINGTON, Sept 18- General Dynamics Corp has won a $187.5 million contract to upgrade 44 M1A1 Abrams tanks and 40 M1A2-model Abrams tanks for Saudi Arabia, the Pentagon announced Wednesday. The contract will help extend production at the company's Lima, Ohio, plant, which is facing challenges due to the U.S. Army's plan to stop tank production for several years.
SYDNEY, Sept 19- Asian shares and currencies looked set to surge on Thursday after the U.S. The prospect of low U.S. rates for longer should be a major relief to emerging markets which have been suffering from capital flight back to the developed world, with shares in Mexico and Brazil already leading the way higher.
WASHINGTON, Sept 18- Facebook Inc CEO Mark Zuckerberg on Wednesday said revelations about U.S. government surveillance hurt users' trust in Internet companies and that knowing more about the programs would help relieve some of the public concerns.
NEW YORK, Sept 18- Stocks and gold jumped while the U.S. dollar and bond yields fell sharply on Wednesday after the Federal Reserve surprised investors by postponing the start of the wind down of its massive monetary stimulus, saying it wanted to wait for more evidence of solid economic growth.
WASHINGTON, Sept 18- Union members who work for American Airlines and US Airways Group rallied on Capitol Hill on Wednesday, urging the U.S. Justice Department to drop its opposition to a planned merger between the two airlines.
NEW YORK, Sept 18- Power market veteran Paul Posoli has returned to JPMorgan Chase& Co. after a year-long sabbatical to help advise on the bank's sale of its physical commodities business, according to an internal bank memo. John Anderson will continue to run JPMorgan's global gas and power business, the memo said.
General Mark Welsh, the top uniformed officer in the Air Force, told industry executives at the Air Force conference this week that mounting budget pressures meant they had to "break the price curve" that has sent the cost of weapons systems skyrocketing over the past decades.
SAN FRANCISCO, Sept 18- Take-Two Interactive Software Inc racked up a better-than-expected $800 million in first-day retail sales of "Grand Theft Auto V," the fifth installment of the lucrative franchise, which went on sale around the world on Tuesday.
WASHINGTON, Sept 18- A Republican nominee for a seat on the Federal Communications Commission, Michael O'Rielly, said on Wednesday that he favors an "extremely light" hand on regulation, drawing sharp remarks from some Democratic senators.
NEW YORK, Sept 18- Gold surged more than 4 percent on Wednesday, its biggest daily rise since June 2012, and oil and most other commodities rose too after the Federal Reserve surprised investors, saying it would maintain the same level of U.S. economic stimulus.
*Republicans offer plan to fund government beyond Oct. 1.
*Sharply divided SEC issues release for public comment. *Another rule: SEC to oversee municipal financial advisers. The SEC declined to address the chief complaint by companies and trade groups who wanted corporations with global operations to be allowed to report median pay only for U.S. employees.
Sept 18- The Federal Reserve did the right thing in the wrong way and very likely for the wrong reasons. The Fed said on Wednesday it would continue buying bonds at an $85 billion monthly pace for now, citing concerns about a sharp rise in borrowing costs in recent months and the upcoming budget battle in Washington.
Sept 18- JPMorgan Chase& Co backed away from a research note to clients on Wednesday that said a delay in the launch of President Barack Obama's healthcare reform was imminent.
In a decision that could have implications for other companies in similar disputes with the IRS, the Tax Court said BMC owes taxes on a portion of its foreign profits brought into the United States under the 2004 tax break. At around the same time, BMC was fighting with the IRS over its transfer pricing practices.
Sept 19- Japanese Prime Minister Shinzo Abe has instructed finance minister Taro Aso to include a two-stage lowering of corporate taxes in stimulus measures that would kick in if the consumption tax is hiked in April as planned, the Nikkei reported, citing sources.
The decision will close the last major aircraft production plant in Southern California, and Boeing said it has no plans to move other production, either commercial or military, into the vacated space.
NEW YORK, Sept 18- A senior executive for Verizon Communications Inc has accused U.S. technology companies of "grandstanding" in public comments about their forced cooperation with U.S. spy agencies, according to a report by technology news website ZDNet.com.