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Thursday, April 19, 2012

Reuters Money: More firepower, less force for IMF: James Saft

Reuters » Money 2012
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04/19/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
More firepower, less force for IMF: James Saft
(Reuters) - The International Monetary Fund may emerge from its meeting this week with more firepower but less force.
Bank of America profit falls but tops expectations
(Reuters) - Bank of America Corp reported lower first-quarter profit as the second-largest U.S. bank took accounting charges related to its debt, but results topped analysts' estimates as credit quality improved.
Morgan Stanley beats estimates on strong trading
(Reuters) - Morgan Stanley's first-quarter results beat expectations, as trading revenue rose sharply and the bank's wealth management business began to improve, sending its shares up in premarket trading on Thursday.
Lingering customers just one hurdle for Starbucks China growth
LOS ANGELES/BEIJING (Reuters) - Starbucks Corp has ambitious expansion plans in China, but like any big new emerging market there are teething problems, not least of which is that customers love it so much they stay for hours and hours and sometimes don't even buy a drink.
FINRA to bring cases over leveraged, inverse ETFs
(Reuters) - The Financial Industry Regulatory Authority will bring enforcement cases against certain brokerages for selling exchange-traded funds that were not appropriate for their customers, the Wall Street regulator's enforcement chief said Wednesday.
Elderly Americans struggle with economic insecurity
NEW YORK (Reuters) - Most elderly retired Hispanic, African American and Asians living in the United States have difficulty covering basic daily expenses and have no economic security, new research shows.
Stern Advice: Countdown to retirement
WASHINGTON (Reuters) - Usually, when people talk about someone "going through a stage" they are talking about a 2-year-old or a teen. But there's another age at which people go through a key transitional period, also marked by angst and rebellion: Call it pre-retirement.
BlackRock to move some business if banks downgraded: NYT
(Reuters) - BlackRock, the world's largest money manager, would be required to cut back some of the business it conducts with Wall Street firms if Moody's Investor Service carries out its threat to lower the credit ratings of some of the largest U.S. banks, The New York Times reported on its website on Wednesday.
BlackRock system won't compete with bond dealers, CEO says
(Reuters) - BlackRock's new bond trading system for clients is not meant to put the company in competition with Wall Street's fixed-income brokers, Chief Executive Laurence Fink said on Wednesday.
BlackRock targets consumers in slowing China
NEW YORK (Reuters) - China's 1.3 billion consumers may be the only thing preventing the world's second-largest economy from a hard landing that could reverberate across global markets, according to a report issued by asset manager BlackRock Inc on Tuesday.
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