Business Today: Wall Street slips in wake of Fed rally

	Click to View in Browser 09/19/2013 Wall Street slips in wake of Fed rally NEW YORK (Reuters) - U.S. stocks retreated slightly on Thursday as investors paused after the Federal Reserve's decision to keep its stimulus intact sparked a rally that lifted the Dow and S&P 500 to record highs. U.S. economy shows signs of shrugging off higher interest rates WASHINGTON (Reuters) - U.S. home resales surged in August to a 6-1/2-year high and factories grew busier in the Mid-Atlantic region this month, signs that rising borrowing costs are weighing only modestly on the economy. Whale scandal costs JPMorgan $920 million in fines (Reuters) - The "London Whale" trading scandal, once dismissed as a "tempest in a teapot" by JPMorgan Chase & Co CEO Jamie Dimon, is costing the largest U.S. bank $920 million in penalties and a rare public admission of wrongdoing. Wall Street watchdog's board approves broker bonus disclosure plan (Reuters) - The Financial Industry Regulatory Authority's board has approved a measure that would require brokers to tell certain clients about compensation they receive when they switch firms, the regulator said on Thursday. Exclusive: ETF 'godfather' Browne to join Cantor Fitzgerald NEW YORK (Reuters) - Reggie Browne, the former head of the exchange-traded funds team at KCG Holdings Inc, is joining Cantor Fitzgerald's ETF market making team, two sources familiar with the situation told Reuters Thursday. U.S. court halts $8.2 billion Activision deal with Vivendi SAN FRANCISCO/PARIS (Reuters) - A U.S. court has taken the rare step of halting Vivendi SA's $8.2 billion deal to sell most of its stake in Activision Blizzard Inc back to the U.S. videogame publisher, but the move is unlikely to kill the transaction, according to analysts and legal experts. IMF urges U.S. to bury budget hatchet, back fund reforms WASHINGTON (Reuters) - The International Monetary Fund on Thursday urged U.S. policymakers to support major reforms at the global lender and bury political differences over the budget to ease one source of risk to the economy and markets. Morgan Stanley wealth complex manager Marchassalla leaves: sources NEW YORK (Reuters) - The managing director and complex manager for some of Morgan Stanley Wealth Management's most profitable offices in New York has left after more than 20 years at the company, people familiar with the matter said. Fujikura executives indicted in U.S. for alleged auto parts price fixing WASHINGTON (Reuters) - Two Fujikura Ltd. executives were indicted in Detroit on allegations that they conspired to fix the prices of parts used to make cars' electrical systems, the U.S. Justice Department said. As Wall Street fears persist, so may stock rally: Ken Fisher NEW YORK (Reuters) - Wall Street often faces a wall of worry, the issues that can halt a market rally, yet the fears that haunt investors now seem to persist far longer than they did in the past, said Ken Fisher, the billionaire investor and author, in an interview. Related Video Autonomous quadcopter takes humans out of flying equation What's happened to Germany's Green Party? Economic News U.S. economy shows signs of shrugging off higher interest rates IMF's Lagarde says Fed following fund's advice 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