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SEC Said to Drop Plan to Bar Money Funds From Lower-Rated Debt - Bloomberg.com

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The Securities and Exchange Commission will vote today to cut the so-called tier two securities money funds can buy, instead of barring purchases as proposed in June, said the people, who declined to be identified because the agency’s plans aren’t public. Current SEC rules allow funds to
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World Stock Index Declines for Sixth Day as Yen, Bonds Rally

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The MSCI World Index retreated 0.3 percent at 10:26 a.m. in London, bringing its six-day slide to 5.4 percent. Futures on the Standard & Poor’s 500 Index were little changed. The yen strengthened against 15 of its 16 biggest counterparts and copper declined for a second day. Greek
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Emerging-Market Stocks Fall in Longest Losing Streak in a Year

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By Michael Patterson The MSCI Emerging Markets Index sank 0.6 percent to 932.03 at 9:47 a.m. in London, bringing its six-day retreat to 8 percent. Most developing-nation currencies weakened against the dollar, led by a 1 percent slide in South Africa’s rand. China’s Shanghai
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World Stock Index Declines for Sixth Day as Yen, Bonds Rally - Bloomberg.com

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The MSCI World Index retreated 0.3 percent at 10:26 a.m. in London, bringing its six-day slide to 5.4 percent. Futures on the Standard & Poor’s 500 Index were little changed. The yen strengthened against 15 of its 16 biggest counterparts and copper declined for a second day. Greek
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European, Asian Shares Retreat; Rio Tinto, BBVA Lead Decline - Bloomberg.com

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Rio Tinto Group, the world’s third-biggest mining company, retreated for a sixth day as base metals fell. Banco Bilbao Vizcaya Argentaria SA , Spain’s second-biggest lender, sank the most in eight months after earnings missed estimates. Man Group Plc, the largest publicly traded hedge
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Paying Big Bonuses Exposes Wall Street’s CEO Succession Failure

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By Lisa Kassenaar Lewis, in his usual gray suit, white shirt and tightly knotted red tie, stood to present Brian T. Moynihan , 50, the man who would succeed him as head of the biggest U.S. bank. Moynihan was already known to many in the room: In five years, he had headed wealth
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Penthouse Publisher FriendFinder Tests Slumping U.S. IPO Market - Bloomberg.com

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FriendFinder, the Boca Raton, Florida-based operator of Web sites from AdultFriendFinder.com to Cams.com, plans to raise $240 million selling 20 million shares at $10 to $12 each today, according to a Jan. 8 filing with the Securities and Exchange Commission and Bloomberg data. The offering
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Kraft lowers acceptance for Cadbury bid

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AFP US group Kraft Foods on Wednesday said it required only 50 per cent support from Cadbury shareholders to ratify its takeover bid for the British confectioner after slashing the threshold. Kraft Foods had originally demanded 90 per cent backing for an offer agreed last week with the
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European, Asian Shares Retreat; BHP Billiton, BBVA Lead Slide - Bloomberg.com

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BHP Billiton Ltd. and Rio Tinto Group retreated for a sixth consecutive day in London trading as base metals fell. Banco Bilbao Vizcaya Argentaria SA , Spain’s second-biggest lender, sank 4.6 percent after earnings missed estimates. Man Group Plc, the largest publicly traded hedge company,
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Asian Stocks Fall for 8th Day on China Tightening; Metals Drop - Bloomberg.com

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Jan. 27 (Bloomberg) -- Asian stocks fell for an eighth day and metals declined as China stepped up measures to curb economic growth. Chinese banks have begun restricting new loans, responding to a push by regulators to contain credit and curb the expansion of the world
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