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5/31/13

Asian Stocks Decline as Japan Enters Correction on Fed

By Yoshiaki Nohara
Asian stocks fell for a second week, with the regional benchmark index capping the first monthly loss in seven months, amid concern the Federal Reserve will scale back its stimulus, causing interest rates to rise. Shares in Japan, the world’s best performing major market, entered a correction as the yen rose.

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5/23/13

Goldman unveils checks on conflicts in bid to fix image


By Lauren Tara LaCapra
SALT LAKE City (Reuters) - After dozens of meetings with executives and regulators, 100,000 hours of employee training and an immeasurable amount of public grief, Goldman Sachs Group Inc's (GS.N) Lloyd Blankfein claimed success in putting the bank and his legacy as CEO back on track.

WTI Crude Falls a Fourth Day for Biggest Weekly Drop in a Month

By Ben Sharples

West Texas Intermediate crude fell for a fourth day, extending the biggest weekly drop in more than a month, amid signs of rising U.S. fuel supplies and a global economic slowdown.

Bass Sees BOJ Bond Purchases Overwhelmed as Investors Dump Debt

By Rocky Swift

J. Kyle Bass, whose Hayman Advisors LP made $500 million amid the U.S. subprime crisis, said the Bank of Japan will have to “dramatically” increase bond-buying efforts that have been “overwhelmed” by investors selling.

Icahn seeks up to $7 billion for Dell bid


By Michelle Sierra
NEW YORK (Reuters) - Activist investor Carl Icahn and Southeastern Asset Management Inc have initiated talks with banks and asset managers to line up commitments for as much as $7 billion in bridge loans to back their leveraged recapitalization proposal for Dell Inc, banking sources told Thomson Reuters LPC on Thursday.

Gold Heads for Best Week in a Month as Investors Weigh Stimulus

By Phoebe Sedgman

Gold swung between gains and losses as investors weighed speculation the Federal Reservewill maintain its record stimulus against a continuing decline in investor assets. Prices headed for the best week in a month.

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