Career News 24/7: Daily Investor Briefing: Bond trading stings Goldman, Citi in...

Thursday, January 16, 2014

Daily Investor Briefing: Bond trading stings Goldman, Citi in...

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01/16/2014

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

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 it gained from higher consumer spending during the U.S. holiday season.

Dow, S&P 500 ease as bank earnings disappoint

NEW YORK (Reuters) - The Dow and S&P 500 dipped on Thursday, led by financial shares after a round of disappointing earnings from the sector.

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.