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U.S. markets news

Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
Jack Dorsey is tightening Twitter's belt. Just days after being named permanent chief executive of Twitter, Mr. Dorsey is planning a series of cost-cutting maneuvers at the social networking company, including layoffs and halting a plan to expand the ...
Twitter Will Lay Off Employees Next Week: Report  NDTV
Twitter plans layoffs next week: Report  Firstpost
The Hindu  
2 Fed officials think data will justify rate hike this year
It's a question whose answer seems to be in constant flux: When will the Federal Reserve finally raise interest rates? Two voting members of the Fed's policy committee weighed in Friday with a similar view: That a rate hike remains likely by the end of ...
Fed's Evans says mid-2016 rate hike would get inflation to goal  Reuters
Stocks open modestly lower after a weeklong rally  Business Insider
Succession for EMC Chief Joe Tucci in Focus Amid Dell Talks
A potential buyout of EMC Corp. EMC 2.50 % by Dell Inc. could solve a long-standing problem for the data-storage giant: finding a successor to longtime Chief Executive Joe Tucci.
Dell Will Reportedly Offer $33 a Share for EMC  CMSWire
Dell in talks to buy data storage company EMC  Herald Current
Leading economies agree plan to fight corporate tax avoidance
LIMA The Group of 20 major economies have endorsed a package of measures to tackle corporate tax avoidance, but questions remain about whether countries will follow through on the plans or leave loopholes multinationals can exploit.
G20 endorses crackdown on corporate tax evasion
Global tax deal targets profits of multinationals  Irish Times
Weekly Market Update: Corporate Earnings On Tap Amidst This Stock Market Reversal
Corporate earnings take center stage with low expectations, setting the table for an upside surprise. Market selloffs in China and the EMs may be a catalyst that stabilizes and moves the S&P higher, as that money finds a home in the U.S.
USA stocks edge up despite weak Alcoa earnings  Dispatch Times
Awaiting The US Stock Market Mood Swing
UPDATE 1-Ferrari's US IPO to raise as much as $900 mln
Oct 9 Italian sports car maker Ferrari's U.S. IPO is expected to raise as much as $900 million at the planned price range of $48-$52 per share.
Fiat Chrysler to Move Forward With Ferrari IPO  New York Times
Ferrari IPO could value car maker at nearly $10B  MarketWatch
Dow Jones & Co. discloses breach, incident likely related to Scottrade
While we recognize that no company is immune to cyberattacks, we are committed to doing everything we can to protect our customers, Lewis said.
WSJ, Barrons hacked; CEO warns of wider plot  USA TODAY
Dow Jones Discloses Customer Data Breach  Wall Street Journal
General Electric Nearing Deal To Sell $30B Loan Portfolio to Wells Fargo
By Mike Stone (Reuters) - General Electric is in advanced talks to sell a specialty finance portfolio, worth more than $30 billion, to Wells Fargo, according to a person familiar with the matter, as the industrial conglomerate returns to its roots ...
Wells Fargo Upgraded by JPMorgan Chase & Co. to "Overweight" (WFC)  Dakota Financial News
Gateway City/Who's Here: Wells Fargo: South Florida 'an incredibly ...  Miami Herald
Commodity surge lifts world equities; dollar falls
NEW YORK Stocks on major world markets posted their biggest weekly advance since 2011 on Friday, as greater investor appetite for riskier assets propelled gains in equities and a surge in commodities and crude oil prices.
Glencore to slash zinc production by more than a third  Irish Times
Copper Climbs to Three-Week High on Glencore Supply Concerns  Wall Street Journal
China Launches worldwide Payment System
Although the PBOC has said it sees no need for further falls in the yuan, markets expect the currency to decline more over the coming year to reflect a faltering economy.
Bank of China Sydney processes first “renminbi” transaction  Herald Current
China September data likely to show further economic weakness  Daily Times