U.S. Market:
AIG - 55.135 +0.155 0.282% Apple - 115.645 +1.015 0.885% Bank of America - 17.21 +0.11 0.643% Cisco - 27.695 -0.125 -0.449% Citigroup - 54.69 +0.33 0.607% Coca-Cola - 43.891 -0.649 -1.457% Facebook - 75.17 -0.29 -0.384% Ford - 16.105 +0.205 1.289% GE - 26.38 +0.33 1.267% Hewlett-Packard - 38.90 -0.05 -0.128% Intel - 37.705 +0.105 0.279% JPMorgan - 61.14 +0.06 0.098% McDonald's - 95.19 +0.08 0.084% Microsoft - 48.1499 -0.3101 -0.64% Pfizer - 31.365 -0.205 -0.649% Starbucks - 80.28 -0.09 -0.112%

Sebelius, a lightning rod for critics, resigns

Health and Human Services Secretary Kathleen Sebelius listens as she testifies on Capitol Hill in Washington, Thursday, April 10, 2014, before the Senate Finance Committee hearing on the HHS Department's fiscal Year 2015 budget. A White House official says Sebelius is resigning from the Obama administration. The move comes just a week after the close of the rocky enrollment period for President Barack Obama's health care law. (AP Photo/Susan Walsh)WASHINGTON (AP) ‒ For five years, Health and Human Services Secretary Kathleen Sebelius has been a lightning rod for critics of President Barack Obama's health care law. But with sign-ups exceeding expectations and a new face soon to be in charge at HHS, the White House is eager to see if the poisonous atmosphere might give way to more pragmatic efforts aimed at fixing problems with the nation's newest social program.


Uniqlo steps up Europe push with stores in Berlin and Paris

A shop assistant is reflected in the mirror as she stands in the Uniqlo Global flagship store during a preopening in BerlinBy Dominique Vidalon, Pascale Denis and Emma Thomasson PARIS/BERLIN (Reuters) – Japanese casual wear chain Uniqlo opens its first store in Germany on Friday, as it accelerates expansion in Europe in a bid by its parent company Fast Retailing Co Ltd to become the world's top fashion retailer by 2020. Fast Retailing wants to open more stores abroad as it sees turnover growth slow in its home market, where the population is ageing and declining and where it lowered forecasts for Uniqlo's sales on Thursday. Uniqlo's debut German store opens its doors on Berlin's popular shopping boulevard Tauentzienstrasse, with a total floor space of 2,700 square meters over three levels, making it the chain's largest in Europe. Featuring revolving mannequins in origami headdresses and LED ticker-tapes listing all the cities where Uniqlo is present, the store is not far from outlets run by its two biggest rivals – Inditex SA's Zara and Hennes & Mauritz AB – which Fast Retailing wants to outflank globally in coming years.


Federal prosecutors in Manhattan probe JPMorgan’s Masters: report

A Twitter banner is seen inside JP Morgan headquarters, before Twitter's IPO in New York(Reuters) – Blythe Masters, who will leave JPMorgan Chase & Co after a 27-year career, is under investigation by federal prosecutors in Manhattan, Bloomberg reported citing two people with knowledge of the matter. The probe was opened after a settlement last year with regulators that alleged JPMorgan manipulated power markets in the Midwest and California, the report said. While Masters was not cited for wrongdoing, her name appeared in the regulator's order a number of times. JPMorgan was not immediately available for comment outside regular U.S. business hours.


Watchdog FINRA probes banks’ bond transactions: WSJ

Ketchum speaks during the Investment Company Institute's Capital Markets Conference in New York(Reuters) – Wall Street watchdog FINRA is taking a broad look at the trading profits of banks and other middlemen in some bond transactions to examine whether some money managers are favored at the expense of other investors, the Wall Street Journal reported. FINRA is crunching through reams of trading data, looking for instances in which the middlemen have earned unusually large profits on bond deals, the Journal said, citing officials.


Exclusive: SEC eyes test that may lead to shift away from ’dark pools’

The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011By Sarah N. Lynch and John McCrank WASHINGTON/NEW YORK (Reuters) – U.S. securities regulators are considering testing a proposed reform that could drive business to major stock exchanges and away from alternative trading venues such as "dark pools" that critics say may be hurting investors by reducing the quality of pricing. The proposal, which has so far only been discussed among staff involved in policymaking at the U.S. Securities and Exchange Commission, could limit how much trading occurs inside brokerages and in dark pools, according to people familiar with the matter. They say that the amount of trading being done in the "dark" means that publicly quoted prices for stocks on exchanges may no longer properly reflect where the market is, meaning that investors may not be getting the best prices for their trades. The measure under consideration, known as a "trade-at" rule, has long been sought after by exchanges like Nasdaq OMX and the New York Stock Exchange as a way to win back market share against off-exchange competitors such as Credit Suisse's Crossfinder, one of the largest dark pools in the United States.


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