Business Today: Bond trading stings Goldman, Citi in fourth quarter

	Click to View in Browser 01/16/2014 Bond trading stings Goldman, Citi in fourth quarter (Reuters) - Goldman Sachs Group Inc and Citigroup Inc were hit hard by a sharp fall in bond trading revenues in the fourth quarter, a stinging blow for two banks long seen as stalwarts of fixed income markets. U.S. companies allowed to delay disclosure of data breaches NEW YORK (Reuters) - A decade of lawmaking by U.S. states to ensure consumers are told when their data has been hacked still lets companies such as Target Corp wait weeks or even months to disclose security breaches. Intel profit up slightly, shares fall after-hours SAN FRANCISCO (Reuters) - Intel Corp posted fourth-quarter net earnings of $2.6 billion, or 51 cents a share, compared with $2.5 billion, or 48 cents a share, in the year-ago quarter as the chipmaker grapples with a shrinking PC industry and finds support from demand for more servers. American Express profit doubles as US holiday shoppers spend more (Reuters) - Credit card company American Express Co's quarterly profit more than doubled as customers spent more in the holiday season in the United States, its core market. S&P 500 retreats from record after bank results NEW YORK (Reuters) - U.S. stocks slipped on Thursday, with the benchmark S&P 500 index retreating from the previous session's record high after earnings from Goldman Sachs and other banks disappointed. U.S. data points to firming labor market, inflation tame WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell for the second consecutive week last week, suggesting a sharp step-down in job growth in December was likely to be temporary. U.S. judge rejects deal to end Detroit swap agreements DETROIT (Reuters) - A U.S. bankruptcy judge on Thursday rejected a deal for Detroit to end costly interest-rate swap agreements with two investment banks, potentially eliminating a source of cash for the bankrupt city. Target agrees to testify on Capitol Hill about data breach WASHINGTON (Reuters) - Target Corp has agreed to testify before Congress in early February about a data breach that compromised credit and debit card and personal data of millions of customers, a House of Representatives subcommittee said on Thursday. Best Buy shares tumble on weak holiday sales, margin forecast NEW YORK (Reuters) - Best Buy Co shares tumbled about 30 percent on Thursday after the world's largest consumer electronics chain reported disappointing holiday sales and warned of a bigger-than-expected decline in quarterly operating margins. Exclusive: SEC may seek more power to enforce Volcker rule WASHINGTON (Reuters) - U.S. securities regulators fear they do not have the full range of enforcement powers to police Wall Street's compliance with the controversial Volcker rule, and told Reuters they are considering new rules to fill the gap. Related Video Bernanke: inflation not a concern BeetleCopter, the low-cost alternative for wildlife photography Economic News U.S. data points to firming labor market, inflation tame World economy on recovery road, but weak inflation threatens: Reuters poll A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend