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Market News

Location American Market News for 10 October 2015

Ex-Lehman Trader Loses Out on 'Double-Dip' Bonus of $83 Million

Wall Street Journal - 10 Oct 2015 03:54
A bankruptcy judge largely rejected a 'double-dip' bid by a former Lehman Brothers bond trader for an $83 million bonus.
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Regulators to Allow Banks to Use External Credit Ratings

Wall Street Journal - 11 Oct 2015 01:00
Banking supervisors will allow banks to continue using external credit ratings for measuring risk in determining their capital needs, backtracking on a 2014 proposal to which banks objected, a senior international bankin...
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The Bank of Canada should be viewed as a last line of defense for dealing with threats to Canada's financial stability such as growing levels of household debt, Gov.Stephen Poloz said.
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F1 star Carlos Sainz Jr. escapes high speed crash A frightening high speed crash for Spanish driver Carlos Sainz Jr. over shadowed qualifying Saturday for the Russian Grand Prix in Sochi.
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The Week Ahead: Should You Expect A Replay of October 2011? There were signs after the close on Friday October 2nd that the market's upside reversal was important. The strong action last week confirmed that the stock market had completed a short term bottom. Fortunately many on W...
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Is Sam's New Growth Plan Off-Kilter?

Forbes - 10 Oct 2015 16:00
Is Sam's New Growth Plan Off-Kilter? Sam's Club president and CEO Rosalind Brewer shared elements of a new strategic plan intended to build sustainable growth for the chain. RetailWire's BrainTrust is skeptical.
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European Soccer Picked Some Questionable Sponsors

Wall Street Journal - 10 Oct 2015 15:13
A spate of troubled sponsorship deals in Europe is causing headaches for some of the world's top soccer clubs.
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Gold gains Rs100 on jewellers buying, higher global cues Gold of 99.9% and 99.5% purity rebounded by Rs100 each to Rs26,700 and Rs26,550 per 10 grams, respectively
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Ferrari to be valued at up to $9.82 billion in IPO

livemint.com - 10 Oct 2015 12:50
Ferrari to be valued at up to $9.82 billion in IPO The sale will consist of 17.2 million shares of Ferrari NV at $48 to $52 each
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Ferrari Files for IPO

Wall Street Journal - 10 Oct 2015 04:27
Ferrari NV filed papers for its long-anticipated initial public offering, setting a price range for the shares that could value the luxury auto maker at nearly $10 billion.
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Andorran Bank Owners Sue U.S. Treasury

Wall Street Journal - 10 Oct 2015 03:29
Banca Privada d'Andorra Group's owners became the second group of shareholders in recent months to sue the U.S. Treasury to explain why it accused their lender of laundering money.
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Italian sports car maker expects to list on the New York Stock Exchange under the symbol 'RACE'
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