Tuesday, October 21, 2014
 
 
by Clip Syndicate
Sources say the ECB is looking at corporate bond buys.The ECB has already carried out work on such purchases, which would widen out the private-sector asset-buying program it began on Monday - stimulus it is deploying to try to foster lending to businesses and thereby support the euro zone economy. One person familiar with the work inside the ECB, speaking on condition of anonymity said, "The pressure in this dir   [READ MORE]
 
 
 
Wall Street's top trade group is calling for the creation of a new inter-agency working group of regulators and the White House that would be tasked with developing consistent cybersecurity rules for the financial industry. The recommendation by the Securities Industry and Financial Markets Association was one of several unveiled on Monday as part of a new paper that lays out proposed "principles for effective cybersecurity regulatory guidance."

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A report released on Monday by the lawyer overseeing the program to compensate victims of a faulty ignition switch in General Motors vehicles stated two new death claims have been approved, bringing the total number of deaths linked so far to the switch to 29. According to the report by Kenneth Feinberg, who GM has tapped to run the program, a total of 1,517 claims for deaths and injuries have been received since it began accepting claims on Aug. 1.   [READ MORE]
Small Business Research roundup Sept 20 2014
by Lotus Abrams for America's Backbone Weekly
 
SMB owners?? have positive outlook, health insurance offerings, climate change   [READ MORE]
 
One of America's best-known investment strategists said on Sunday, the recent slump in U.S. stock prices, in which the S&P 500 index has posted four straight weekly losses for the first time in more than three years, is unlikely to go on for much longer. Byron Wien, veteran investor and vice chairman of Blackstone Advisory Partners, part of investment and advisory firm Blackstone Group LP, told reporters on the sidelines of a conference in Dubai, it was unlikely the U.S. market would fall much further.

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A top Federal Reserve official said on Saturday that equality of opportunity is a worthy social goal that has not yet been achieved in the United States. Boston Fed President Eric Rosengren did not comment on monetary policy or the economic forecast in prepared remarks to a conference here on inequality.   [READ MORE]
 
Morgan Stanley, which has spent three years throwing out bad apples from its fixed income trading portfolio, now wants to put the freed up money into businesses that bear healthier fruit. Senior executives at the bank said on Friday that the company is reinvesting capital previously held against unprofitable trades into areas like municipal bonds, credit and securitization, where it sees opportunities for boosting profit.   [READ MORE]
 
 
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