WASHINGTON (AP) — The Federal Reserve reiterated Wednesday that it will be "patient" in raising interest rates from record lows even as the U.S. economy moves steadily closer to full health.
The Fed signaled in a statement after its latest policy meeting that no rate increase is imminent despite the economic gains. A key reason is that inflation remains well below the Fed's target rate.
2. Swiss franc's staggering ascent to be felt far and wide - Friday, January 16, 2015
LONDON (AP) — A 30 percent swing in a blink of an eye is not uncommon in the stock market. In the world of currencies, it can seem as rare as Halley's Comet.
But that's what happened to the Swiss franc on Thursday — a stunning move that is likely to hurt the Swiss economy, inject uncertainty in financial markets and even darken the global outlook.3. Why rift on derivatives is blocking US budget bill - Friday, December 12, 2014
WASHINGTON (AP) — At the heart of the impasse in Congress over a must-pass spending bill is a provision involving the sorts of high-risk investments that ignited the 2008 financial crisis.
The dispute occurred after Republicans inserted into the bill a provision to relax the regulation of investments known as derivatives. Democrats, led by their House leader, Nancy Pelosi, have demanded that the provision be removed. They argue that it would let big banks gamble with depositors' federally insured money and could make it likelier that banks, if undone by their risky bets, would need another taxpayer bailout.4. Morgan Stanley paying $4M to settle SEC charges - Friday, December 05, 2014
WASHINGTON (AP) — Morgan Stanley has agreed to pay $4 million to settle federal charges of failing to prevent the unauthorized purchase of $525 million in Apple stock by one of its customers.5. Fed proposing big US banks boost capital cushions - Friday, December 05, 2014
WASHINGTON (AP) — Federal regulators are proposing that the eight biggest U.S. banks be required to further increase the amount of capital they set aside to cushion against unexpected losses.
The proposed requirements are aimed at lessening the chances of future taxpayer bailouts of troubled banks, while also encouraging the behemoths to shrink so they pose less of a risk to the financial system.6. Top October 2014 residential real estate transactions - Friday, November 21, 2014
Top September 2014 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.7. US retail sales rise ahead of holiday shopping - Friday, November 14, 2014
WASHINGTON (AP) — U.S. retail sales rose modestly in October, evidence that recent job gains and lower gas prices are lifting consumer spending as the holiday shopping season begins.
The Commerce Department said Friday that retail sales rose 0.3 percent last month after falling by the same amount in September. Excluding gas stations, where falling prices lowered spending, sales rose a solid 0.5 percent.
8. Morgan Stanley pushed murky China stock to market - Friday, November 14, 2014
WASHINGTON (AP) — U.S. banking giant Morgan Stanley helped a Chinese company, Tianhe Chemicals, sell $654 million in stock in a June public offering. But The Associated Press identified significant discrepancies in publicly accessible financial records and statements Tianhe made to investors.9. US consumer confidence hits 7-year high in October - Friday, October 24, 2014
WASHINGTON (AP) — U.S. consumer confidence rebounded strongly in October, hitting a seven-year high as solid job gains raised expectations for economic growth.
The Conference Board said Tuesday that its confidence index climbed to 94.5, the strongest reading since October 2007 and the start of the Great Recession a few months later. This month's gains reversed a revised decline to 89 in September from 93.4 in August.
10. Top September 2014 residential real estate transactions - Friday, October 24, 2014
Top September 2014 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.11. Morgan Stanley's income nearly doubles - Friday, October 17, 2014
NEW YORK (AP) — Morgan Stanley's third-quarter net income nearly doubled, helped by strength in its institutional securities and wealth management divisions.12. US stocks end dramatic week with rally - Friday, October 17, 2014
NEW YORK (AP) — The stock market capped a turbulent week with a big gain Friday, a sign of renewed investor confidence after days of gloomy economic news.
It was the latest large move for a market which, with a few exceptions, has been on a mostly downward track since last month. Stocks have had four weeks of declines, leaving the Standard & Poor's 500 index 6 percent below the record high from Sept. 18.
13. Citigroup to exit 11 markets in restructuring - Friday, October 10, 2014
NEW YORK (AP) — Citigroup said Tuesday that it will bow out of the retail banking business in 11 markets as part of its ongoing effort to restructure and slim down since the financial crisis.14. Stocks sink yet again, dragged down by energy - Friday, October 03, 2014
NEW YORK (AP) — Wall Street's roller coaster ride is continuing for a third day Thursday, with the Dow Jones industrial average plunging nearly 300 points in afternoon trading. Gap's stock dropped after the company announced its CEO was retiring, and energy stocks fell sharply as the price of oil fell again.15. US stocks slide on global growth concerns - Friday, October 03, 2014
NEW YORK (AP) — Worries about weakening global growth drove the stock market lower Tuesday.
The U.S. economy may be strengthening, but the outlook elsewhere is far less encouraging. On Tuesday the International Monetary Fund trimmed its forecast for global growth. A surprisingly weak report on industrial production in Germany, Europe's biggest economy, added to the concerns.
16. Why the bond market is more fragile than you think - Friday, September 26, 2014
NEW YORK (AP) — A bottleneck is building in the global market for bonds.
Main Street investors have poured a trillion dollars into bonds since the financial crisis, and helped send prices soaring. As fund managers and regulators fret about an inevitable sell-off, the bigger fear is that when people go to unload, there won't be anyone to buy.17. Top Middle Tennessee residential real estate transactions August 2014 - Friday, September 26, 2014
Top August 2014 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.18. Some fear auto industry returning to bad habits - Friday, August 29, 2014
DETROIT (AP) — Big discounts. Six- or seven-year loans, in some cases to buyers who would have been turned down in the past.
As the auto industry strives to sustain its post-recession comeback, car companies are resorting to tactics that some experts warn will lead to trouble down the road.
19. Diversified Trust expands Nashville leadership team - Friday, August 08, 2014
Diversified Trust, an employee-owned, southeast-based comprehensive wealth management firm that manages more than $5 billion in client assets, has announced the hiring of three senior professionals in its Nashville office: Adam Dretler, senior vice president, Lamar Stanley, vice president, Katie Williams, vice president20. Top Middle Tennessee residential real estate transaction for first half of 2014 - Friday, August 01, 2014
January through June 2014 residential real estate transactions of $500,000 or more for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.21. Amazon to invest $2 bln to expand in India - Friday, July 25, 2014
MUMBAI, India (AP) — The world's largest online retailer is facing off in India against a new name in e-commerce that was founded by former Amazon employees.
Amazon.com Inc. said Wednesday it will invest $2 billion to expand its Indian business, a day after local rival Flipkart raised $1 billion to fund its own expansion.22. Morgan Stanley paying $275M to settle SEC charges - Friday, July 25, 2014
WASHINGTON (AP) — Morgan Stanley has agreed to pay $275 million to settle U.S. civil charges that it misled investors about risky mortgage bonds it sold ahead of the 2008 financial crisis.23. Top Middle Tennessee commercial real estate transactions June 2014 - Friday, July 25, 2014
Top June 2014 commercial real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.24. Morgan Stanley says 2Q profits more than double - Friday, July 11, 2014
NEW YORK (AP) — Morgan Stanley says its quarterly profit more than doubled, thanks to strong results from its investment banking and money-management units. The news drove up the investment bank's stock in early trading.25. Burnstein elected Waller chairman - Friday, June 27, 2014
Waller law firm has elected Matthew R. Burnstein chairman of the firm. Effective August 1, 2014, Burnstein will succeed John Tishler, who will assume the role of chairman emeritus and resume his bankruptcy and restructuring practice at Waller.26. Top Midstate commercial real estate transactions for May 2014 - Friday, June 27, 2014
Top May 2014 commercial real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.27. Turmoil in Iraq is pushing up US gasoline prices - Friday, June 20, 2014
Violence in Iraq is helping to make gasoline in the U.S. more expensive, depriving drivers of the usual price break between Memorial Day and July Fourth.
The national average price of $3.68 per gallon is the highest price for this time of year since 2008, the year gasoline hit its all-time high.28. Turmoil in Iraq is pushing up US gasoline prices - Friday, June 13, 2014
Violence in Iraq is pushing U.S. gasoline prices higher, depriving drivers of the usual price break between Memorial Day and July Fourth.
The national average price of $3.68 per gallon is the highest price for this time of year since 2008, the year gasoline hit its all-time high.29. Stocks close higher as banks gain on rising rates - Friday, June 13, 2014
Stocks rebounded from a downbeat start Tuesday, building on small gains for the third day in a row.
News that U.S. consumer prices jumped sharply in May drove up long-term interest rates, setting the stage for the turnaround as investors bid up shares in financial stocks such as E-Trade Financial, Charles Schwab and Goldman Sachs.
30. Top Midstate commercial real estate transactions for April 2014 - Friday, May 23, 2014
Top April 2014 commercial real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.31. Top Midstate residential real estate transactions for April 2014 - Friday, May 16, 2014
Top April 2014 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.32. Asia stocks rise in abbreviated trading - Friday, April 18, 2014
BEIJING (AP) — Asian stocks were mostly higher in trading muted by Good Friday observance.
Markets in Europe, the U.S. and many countries in Asia were closed for the holiday. Oil trading also was suspended.
33. Stocks drift after Google, IBM earnings disappoint - Friday, April 11, 2014
Major U.S. stock indexes drifted between gains and losses in morning trading Thursday amid a crop of disappointing corporate earnings. Google, IBM and insurers UnitedHealth and WellPoint were among the big market decliners.34. Regulators act to require stronger bank capital - Friday, April 04, 2014
WASHINGTON (AP) — Regulators are acting to require U.S. banks to build a sturdier financial base to lessen the risk that they could collapse and cause a global meltdown.
The eight biggest banks will have to meet stricter measures for holding capital — money that provides a cushion against unexpected losses — under a rule that regulators are adopting Tuesday.35. Fed blocks Citigroup from raising dividends - Friday, March 21, 2014
WASHINGTON (AP) — The Federal Reserve on Wednesday barred Citigroup from raising its dividend or boosting its stock buybacks, saying it's too hard to predict how some parts of the bank's global operation would fare in a sharp economic downturn.36. Nearly all major US banks pass Fed 'stress tests' - Friday, March 21, 2014
WASHINGTON (AP) — More than five years after the financial crisis struck, the biggest U.S. banks are better able to withstand a severe recession than at any time since the meltdown, the Federal Reserve has determined.37. Top Midstate residential real estate transactions for February 2014 - Friday, March 21, 2014
Top February 2014 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.38. LinkedIn gives members more room to share insights - Friday, February 14, 2014
SAN FRANCISCO (AP) — LinkedIn is hoping to unleash more wisdom on its professional networking service by giving its 277 million accountholders more space to share their experiences and insights.
A new feature rolling out Wednesday will free LinkedIn users from restrictions that have limited posts to a maximum of 300 characters. Those limits had been in effect since the service began allowing status updates in 2009.39. Gambling industry fights itself on Internet gambling - Friday, February 07, 2014
LAS VEGAS (AP) — Many experts believe online wagering is the future of gambling, but the casino industry is increasingly divided on the issue.
The latest evidence of the split came Monday as the Coalition to Stop Internet Gambling launched the first commercial in a six-figure campaign warning of the dangers of legalized Internet gambling. The coalition is emphasizing the possibility that criminals and terrorists may use online gambling to launder money.40. Obama asks CEOs for help hiring long-term jobless - Friday, January 31, 2014
WASHINGTON (AP) — Confronting an economic recovery slowed by persistent joblessness, President Barack Obama on Friday won commitments from nearly 300 companies to reach out to the nearly 4 million Americans who have been jobless for half a year or more.41. Top Midstate commercial real estate transactions for 2013 - Friday, January 24, 2014
Top 2013 commercial real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.42. Consumer spending likely to boost growth in 2014 - Friday, January 17, 2014
WASHINGTON (AP) — Hopes are rising that consumers will drive stronger growth in 2014 after they stepped up spending at the end of last year in the United States and Europe.
The outlook for spending is brightening even though growth is weakening in some large emerging economies and slowing the sales of consumer product giants such as Unilever and Procter & Gamble.43. World stocks lackluster as China growth slows - Friday, January 17, 2014
KUALA LUMPUR, Malaysia (AP) — World markets were lackluster Monday amid concerns about slowing economic growth in China and more poor earnings from banks. Wall Street was closed for a holiday.44. Corizon selects Johnson as chief medical officer - Friday, January 10, 2014
Corizon, a provider of correctional health care solutions, has appointed Calvin B. Johnson, M.D., M.P.H., as its new chief medical officer.45. Top Midstate residential real estate transactions for Dec. 2013 - Friday, January 10, 2014
Top December 2013 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.46. US stocks rally, breaking a three-day slump - Friday, January 03, 2014
NEW YORK (AP) — Stocks rallied Tuesday, ending a slump that had ushered in the New Year.
The Standard and Poor's 500 index climbed the most in three weeks, led by gains for health care stocks. UnitedHealth Group, the nation's largest health insurer, and Johnson & Johnson both climbed on recommendations for brokerage firms.
47. How Volcker Rule would limit banks' risky bets - Friday, December 06, 2013
WASHINGTON (AP) — The rule that U.S. regulators approved Tuesday, after years of wrestling over its language, is designed to defuse the kind of risk-taking on Wall Street that helped trigger the 2008 financial crisis.48. Stocks slip a day after latest record for S&P 500 - Friday, December 06, 2013
NEW YORK (AP) — Stock prices are lower on Wall Street as the market takes a pause after hitting its latest record high.
The Dow Jones industrial average lost 52 points, or 0.3 percent, to close at 15,973 Tuesday.
49. Latest federal Internet gambling bill proposes tax - Friday, November 15, 2013
LAS VEGAS (AP) — If Congress makes no progress on a national framework for online gambling this session, it won't be for a lack of legislation.
Two lawmakers introduced bills over the summer that would legalize some form of Internet gambling nationwide. Last week, Rep. Jim McDermott, a Democrat from Washington, introduced a bill that would tax federally-sanctioned online wagering.
50. Morgan Stanley third-quarter profit almost doubles - Friday, October 18, 2013
NEW YORK (AP) — Investment bank Morgan Stanley says that its third-quarter earnings almost doubled as the firm's equity sales and trading revenue rose.
THE RESULTS: The bank earned $1.01 billion from July to September after stripping out an accounting charge. That compares with earnings of $560 million year earlier. That profit works out to 50 cents per share before the charge, compared with 28 cents per share in the same period a year earlier. Financial analysts polled by FactSet expected earnings of 40 cents. Analysts generally strip out one-time items.
51. S&P 500 closes further into record territory - Friday, October 18, 2013
NEW YORK (AP) — Investors shifted their focus from politics to profits on Friday and liked what they saw, pushing the Standard & Poor's 500 index further into record territory.
Two days after Congress struck a last-minute deal to keep the U.S. from a devastating default on its debt, investors were bidding up stocks on surprisingly good profits from companies in industries both old and new.
52. Fed now unlikely to slow bond buying before 2014 - Friday, October 04, 2013
WASHINGTON (AP) — The Federal Reserve's decision last month to maintain the size of its economic stimulus was a shocker. Just about everyone expected a pullback in its bond purchases, which have helped keep loan rates low.53. Families hoarding cash 5 years after crisis - Friday, October 04, 2013
NEW YORK (AP) — They speak different languages, live in countries rich and poor, face horrible job markets and healthy ones. When it comes to money, though, they act as one: They're holding tight to their cash, driven more by a fear of losing what they have than a desire to add to it.54. Twitter unseals IPO papers, hopes to raise $1B - Friday, October 04, 2013
NEW YORK (AP) — Twitter has unsealed the documents for its planned initial public offering of stock and says it hopes to raise up to $1 billion in one of the year's most eagerly awaited stock market debuts.55. Top Midstate commercial real estate transactions for August 2013 - Friday, September 27, 2013
Top August 2013 commercial real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.56. Stocks drop as investors fret over budget fight - Friday, September 20, 2013
Washington's budget fight jolted Wall Street on Friday, reminding it that the next few weeks could bring a lot of uncertainty.
Investors hate uncertainty, and stocks plunged in afternoon sell-off that wiped out all the gains from rally earlier this week, when the Federal Reserve kept its huge economic stimulus program intact.
57. Events - Friday, September 20, 2013
International Business Council Luncheon. Guest speaker today will be Ted Simmons, senior global brand consultant for Arnold Worldwide. Simmons has worked with Jack Daniel’s Tennessee Whiskey since 1967, helping create one of the biggest and best-recognized worldwide brands. He will be joined by co-presenter Jennifer Powell, senior brand manager for Jack Daniel’s. 11:30 a.m.-1 p.m., AT&T Auditorium, 333 Commerce Street, Nashville. Information: 743-3063, email@example.com. US builders boost single-family home construction - Friday, September 13, 2013
WASHINGTON (AP) — U.S. builders started work in August on the most single-family homes in six months and requested permits to construct even more in future months. The figures suggest housing remains a driver of economic growth despite higher mortgage rates.59. Events - Friday, September 13, 2013
Nashville Area Chamber and Partnership 2020 Annual Meeting. Richard Florida, professor, University of Toronto and senior editor of The Atlantic, will be the featured speaker on Friday. Florida is a nationally known author and speaker who developed the concept of the "creative class," a theory that high concentrations of musicians, artists and other creative occupations fuel greater economic growth in metropolitan regions. Florida’s keynote presentation will focus on Nashville's ability to capitalize on both cultural and regional assets for continued prosperity. 8:30-10:30 a.m., Music City Center - Davidson Ballroom, 201 5th Avenue South, Nashville. Information: nashvillechamber.com, 743-3063.60. Stocks edge higher after encouraging jobs reports - Friday, August 30, 2013
NEW YORK (AP) — Stocks edged higher Thursday after a pair of reports provided more evidence that the U.S. is maintaining a slow but steady economic recovery.
The number of Americans seeking unemployment benefits dropped last week and is near the lowest level since June 2008, the Labor Department said Thursday. Weekly applications are just 1,000 above a five-year low reached last month.
61. Stocks drop for fourth day in a row - Friday, August 16, 2013
NEW YORK (AP) — U.S. stocks dropped for a fourth day in a row Monday as investors continued to express worry about the recent rise in bond yields. Banking stocks also dragged down the broader market.62. Wall Street is having fun, even if you aren’t - Friday, August 02, 2013
Your bankbook feels fatter these days and you sleep better at night.
The market’s back up. Stocks seem healthier. Investors are trading again, and they say that everything you lost in the Great Recession is back where it belongs.63. Toyota top-selling automaker despite China slump - Friday, July 26, 2013
TOKYO (AP) — Toyota shrugged off China sales woes to stay the world's top selling automaker for the first half of this year, outpacing U.S. rival General Motors Co., which boasted such bragging rights for seven decades until 2008.64. Investment banking lifts Morgan Stanley 2Q earns - Friday, July 12, 2013
NEW YORK (AP) — Morgan Stanley says that second-quarter earnings beat analysts' expectations, fueled by gains in its investment bank.65. Earnings gains drive stocks higher on Wall Street - Friday, July 12, 2013
NEW YORK (AP) — Solid earnings gains at major U.S. companies are driving stocks higher in midday trading on Wall Street.
The advance put the Dow Jones industrial average and the Standard & Poor's 500 index back into record territory.
66. Goldman's profit doubles, helped by underwriting - Friday, July 12, 2013
NEW YORK (AP) — Goldman Sachs said Tuesday that its second-quarter profit doubled as the bank underwrote more stock and bond offerings for clients and netted big gains on its own investments.
But investors homed in on the uncertainty of the future, lobbing question after question at Chief Financial Officer Harvey Schwartz about how the bank would deal with potential regulations that could force it to hold more capital, and also how rising interest rates would affect clients.67. Regulators propose stricter rule for 8 big banks - Friday, July 05, 2013
WASHINGTON (AP) — Regulators took a step Tuesday toward requiring eight of the largest U.S. banks to meet a stricter measure of health to reduce the threat they pose to the financial system.
The Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency proposed that banks increase their ratio of equity to loans and other assets from 3 percent to 5 percent. In addition, the banks' deposit-holding subsidiaries would have to increase that ratio to 6 percent.68. Regulators proposing stricter rule for 8 big banks - Friday, July 05, 2013
WASHINGTON (AP) — Regulators want to require eight of the largest U.S. banks to meet a stricter measure of health to reduce the threat they pose to the financial system.
The Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency are expected to propose Tuesday that banks increase their ratio of equity to loans and other assets from 3 percent to 5 or 6 percent.69. US factory activity expands in June, jobs decline - Friday, June 28, 2013
WASHINGTON (AP) — U.S. manufacturing activity grew in June behind a pickup in new orders, exports and production. Better economic growth overseas is boosting U.S. exports and could help American factories rebound in the second half of the year.70. Treasury to sell 30 million shares of GM stock - Friday, May 31, 2013
DETROIT (AP) — The U.S. government plans to sell another 30 million shares of General Motors stock in a public offering on Thursday as it speeds up efforts to divest itself from a stake in the auto giant that it got in a bailout four years ago.71. US manufacturing gauge sinks to June 2009 level - Friday, May 31, 2013
WASHINGTON (AP) — A measure of U.S. manufacturing fell in May to its lowest level since June 2009 as slumping overseas economies and weak business spending reduced new orders and production.
The Institute for Supply Management said Monday that its index of manufacturing activity fell to 49 last month from 50.7 in April. That's the lowest level in nearly four years and the first time the index has dipped below 50 since November. A reading under 50 indicates contraction.72. Hand On Nashville announces new board members, officers - Friday, May 03, 2013
Hands On Nashville’s board of directors has elected new officers to its executive committee and several new members to its board.
Brian Copeland has been elected as HON’s new secretary. Copeland, the chief engagement officer at Village Real Estate Services, joined the board in 2010.73. Top Midstate residential real estate transactions for March 2013 - Friday, April 26, 2013
Top March 2013 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.74. Morgan Stanley profit dips, but beats predictions - Friday, April 12, 2013
NEW YORK (AP) — Morgan Stanley's profit and revenue dipped in the first quarter. Results beat Wall Street's expectations, but the stock still dipped in pre-market trading.75. Slight decline in midday trading on Wall Street - Friday, April 12, 2013
NEW YORK (AP) — Disappointing earnings from a range of companies pushed the stock market lower on Thursday, giving major indexes their third loss this week.
Morgan Stanley, UnitedHealth Group and others sank in Thursday trading after turning in their quarterly financial results. Earnings and revenue dropped at Morgan Stanley as the bank made less money from trading bonds and commodities, a common theme for many investment banks this earnings season. Morgan Stanley lost 4 percent to $20.59.
76. Stocks falter following Cyprus's bailout plan - Friday, March 15, 2013
NEW YORK (AP) — Stocks have closed lower on Wall Street as investors worried that a controversial proposal to seize money from depositors in Cyprus could set off another bout of anxiety over Europe's shared currency.77. Fed says 17 of 18 top US banks have strengthened - Friday, March 08, 2013
WASHINGTON (AP) — All but one of the nation's 18 largest banks are more prepared to withstand a severe U.S. recession and a global downturn than at any time since the 2008 financial crisis, the Federal Reserve says.78. Dow Record: Three tales of ups, downs and changes - Friday, March 01, 2013
NEW YORK (AP) — When the Dow first crossed 14,000, investors were overjoyed. When it closed at an all-time high of 14,253.77 on Tuesday, it wasn't so much a time for celebration as it was for reflection.79. JPMorgan to trim 4,000 jobs, many in consumer bank - Friday, February 22, 2013
NEW YORK (AP) — JPMorgan is trimming about 4,000 jobs, or about 1.5 percent of its work force, becoming the latest big bank to shrink its staff.
The bank said the cuts will be focused in consumer banking and mortgages. Many of the cuts would come through attrition, but the bank will lay off workers as well, a bank spokeswoman said.80. 5 big US banks have cut mortgage debt by $19B - Friday, February 22, 2013
WASHINGTON (AP) — Five of the biggest U.S. banks have cut struggling homeowners' mortgage balances by $19 billion, part of a total $45.8 billion in relief provided under a landmark settlement over foreclosure abuses.81. Butler Snow names practice group leaders - Friday, February 15, 2013
Butler, Snow, O’Mara, Stevens & Cannada, PLLC attorneys Kara Shea and William “Bill” R. O’Bryan, Jr., have been named to leadership positions with the firm.82. Top residential real estate transactions of December 2012 - Friday, February 01, 2013
Top December 2012 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.83. Morgan Stanley climbs after swinging to a profit - Friday, January 18, 2013
NEW YORK (AP) — Profits roared back at the investment bank Morgan Stanley in the fourth quarter, reversing a loss in the same period a year ago, when its results were weighed down by a costly legal settlement.84. Top Midstate residential real estate transactions for 2012 - Friday, January 18, 2013
Top 2012 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.85. Goldman, Morgan Stanley pay $557M in mortgage case - Friday, January 11, 2013
WASHINGTON (AP) — Goldman Sachs and Morgan Stanley will pay a combined $557 million to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.86. Massachusetts fines Morgan Stanley $5M over Facebook IPO - Friday, December 14, 2012
BOSTON (AP) — Massachusetts officials say they are fining investment bank Morgan Stanley $5 million for disclosing a revenue shortfall with analysts and institutional investors but not the general public ahead of Facebook's troubled IPO in May.87. Top Midstate residential real estate transactions for November 2012 - Friday, December 14, 2012
November 2012 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.88. Stocks end little changed after Fed rally fizzles - Friday, December 07, 2012
NEW YORK (AP) — Stocks ended the day little changed Wednesday after a rally prompted by the Federal Reserve's latest economic stimulus program fizzled out.
The Dow Jones industrial average closed down 2.99 points at 13,245.45. It had risen as much as 81 points after the Fed said earlier in the day that it would extend a bond-buying plan and keep interest extremely low.89. Citigroup to eliminate more than 11,000 jobs - Friday, November 30, 2012
NEW YORK (AP) — Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat. The cuts amount to about 4 percent of Citi's workforce of 262,000.
The bulk of the cuts, about 6,200, will come from Citi's consumer banking unit, which handles everyday functions like branches and checking accounts.90. Dow loses 313 in post-election sell-off - Friday, November 02, 2012
Wall Street greeted a second Obama term the way it greeted the first.
Investors dumped stocks Wednesday in the sharpest sell-off of the year. With the election only hours behind them, they focused on big problems ahead in Washington and across the Atlantic Ocean.91. Storm's cost may hit $50B; rebuilding to ease blow - Friday, October 26, 2012
WASHINGTON (AP) — Superstorm Sandy will end up causing about $20 billion in property damages and $10 billion to $30 billion more in lost business, according to IHS Global Insight, a forecasting firm.92. Sandy unlikely to damage US economy, analysts say - Friday, October 26, 2012
WASHINGTON (AP) — Airlines canceled thousands of flights and stranded travelers. Insurers braced for damages of up to $5 billion. Retailers expected shrunken sales.
Hurricane Sandy is causing disruptions for companies, travelers and consumers. But for the overall economy, damage from the storm will likely be limited. And any economic growth lost to the storm in the short run will likely be restored once reconstruction begins, analysts say.93. Top residential real estate transactions for September 2012 - Friday, October 19, 2012
September 2012 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.
94. Morgan Stanley shares rise on higher earnings - Friday, October 12, 2012
NEW YORK (AP) — Morgan Stanley shares are up in pre-market trading after the bank reported higher net income and revenue for the third quarter.95. Vikram Pandit steps down as Citigroup CEO - Friday, October 12, 2012
Vikram Pandit abruptly stepped down as CEO of Citigroup on Tuesday, surprising Wall Street, after steering the bank through the 2008 financial crisis and the choppy years that followed.
Pandit's replacement, effective immediately, is Michael Corbat, the current CEO of Citigroup's Europe, Middle East and Africa division, the bank said. Corbat has worked at Citi and its predecessors since he graduated from Harvard in 1983, it said.96. Mortgage comeback? Citigroup isn't so sure - Friday, October 12, 2012
NEW YORK (AP) — Citigroup isn't as enthusiastic as its peers about a comeback in the housing market.
On Friday, executives at Wells Fargo and JPMorgan Chase declared that the long-struggling market had turned a corner. On Monday, Citigroup's top number-cruncher said he wasn't so sure.97. Morgan Stanley facing discrimination lawsuit - Friday, October 12, 2012
NEW YORK (AP) — Morgan Stanley is being accused of discriminating against black homeowners and violating federal civil rights laws by providing strong incentives to a subprime lender to originate mortgages that were likely to go unrepaid.98. Haven Behavioral names new executive VP, COO - Friday, October 05, 2012
Nashville’s Haven Behavioral Healthcare, Inc., a provider of behavioral health care for adults, senior citizens and active-duty military personnel, has hired Scott W. Kardenetz as executive vice president and chief operations officer.99. Free Enterprise Award presented to Baker - Friday, September 28, 2012
J.B. Baker, chairman of the board for Volunteer Express Inc. and owner of Sprint Logistics, LLC and Baker South real estate development, has been awarded the Jennings A. Jones Champion of Free Enterprise Award by Middle Tennessee State University.100. Expectations high for major Fed action Thursday - Friday, September 07, 2012
WASHINGTON (AP) — If the world's investors are right, the Federal Reserve is about to take a bold new step to try to invigorate the U.S. economy.
And many expect the Fed to unleash its most potent weapon: a third round of bond purchases meant to ease long-term interest rates and spur borrowing and spending. It's called "quantitative easing," or QE.