NEW YORK (Reuters) - With the U.S. Federal Reserve finally announcing it will start tapering its stimulus, removing a big uncertainty in the market, can Wall Street expect a stronger finish to the year?
BlackBerry Ltd. (BBRY) shares soared after the smartphone maker struck a five-year deal to have Foxconn Group manufacture its devices, helping cut production spending and stave off the inventory gluts that have plagued the company.
The Idaho Department of Labor reported Dec. 20 that the state's unemployment rate had dropped six-tenths of a percentage point to 6.1 percent�the largest one-month decline on record�but the jobless rate in the city of Boise was lower still: 4.8 percent.
A Deutsche Bank AG (DBK) unit won dismissal of a suit brought by mortgage-bond investors after an appeals court determined the claims were subject to a six-year statute of limitations that began to run when the deal closed -- a ruling that may limit new suits.
Mortgage-backed securities held their ground after the Federal Reserve on Wednesday said it would begin trimming its bond-buying stimulus by $10 billion a month beginning in January, suggesting the central bank's decision was largely in line with ...