Reuters Money: Icahn warns stock market could face 'big drop'

	Click to View in Browser 11/19/2013 Icahn warns stock market could face 'big drop' (Reuters) - Activist investor Carl Icahn on Monday said there was a chance the stock market could suffer a big decline, saying valuations are rich and earnings at many companies are fueled more by low borrowing costs than management's efforts to boost results. Deutsche AWM: European stocks to benefit from bank health check LONDON (Reuters) - A recovery in business spending and transparency in Europe's bank balance sheets would help the region's equities outperform the United States in 2014, Deutsche Asset & Wealth Management says. Insight: Wall Street uses 'merchant' workaround to cling to commodity assets NEW YORK/LONDON (Reuters) - Wall Street's commodity trading giants are using a 14-year-old law to hold on to their oil storage terminals and metals warehouses a little bit longer, even as the Federal Reserve considers cracking down on such investments. Insight: As U.S. default threatened, banks took extraordinary steps NEW YORK (Reuters) - As the United States threatened to default on its debt last month, major U.S. banks set up war rooms, spent many millions of dollars on contingency planning and, in some cases, even prepared to underwrite federal government benefits. Ex-KIC investment chief shutting Blue Rice hedge fund HONG KONG (Reuters) - Blue Rice Investment Management, founded in 2009 by the former chief investment officer for Korea Investment Corporation, Guan Ong, will return investors' capital by the end of the year, he told Reuters on Tuesday. SW's Hinman likes Argentine bonds despite sovereign debt battle NEW YORK (Reuters) - Bond investors need not shy away from Argentina because of the prospect it might default on its sovereign debt, and some corporate bonds offer good value despite that threat, a prominent bond fund manager said on Monday. Insider trading conviction of Galleon's Rajaratnam stands NEW YORK (Reuters) - A federal appeals court on Monday refused to disturb the insider trading conviction of Galleon Group hedge fund founder Raj Rajaratnam, one of the most prominent defendants in the U.S. government's wide-ranging probe into insider trading. Deutsche Boerse not interested in buying Euronext: sources FRANKFURT/LONDON (Reuters) - German stock exchange operator Deutsche Boerse AG has no interest in buying European exchange group Euronext, sources close to the Germany-based group said on Tuesday. Icahn says would 'never' push Apple to buy Nuance NEW YORK (Reuters) - Activist investor Carl Icahn said Monday that he would not push technology giant Apple Inc. to buy Nuance Communications Inc., maker of the software that runs the Siri feature on Apple's iPhones. U.S. officials: virtual currencies vulnerable to money laundering WASHINGTON (Reuters) - Virtual currencies may give consumers a cheap, efficient and convenient way to move money, but those same attributes make them appealing to criminals, the head of the Justice Department's Criminal Division told Congress on Monday. Related Video The worst "best" financial advice Facial recognition brings new look to shopping Business News Wall Street to open flat amid few market catalysts Home Depot raises outlook again after strong quarter The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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