MADRID (Reuters) - Spain's heavily indebted eastern region of Valencia said on Friday it would need financial help from Madrid, spooking financial markets and complicating central government efforts to stave off a full-blown sovereign bailout.
Reuters
Former bank employees sue over alleged discrimination
NEW YORK (Reuters) - Two separate lawsuits alleging racial discrimination were filed in federal court in New York on Friday, against Bank of America and investment bank Cantor Fitzgerald .
GE second quarter profit tops Wall Street view
(Reuters) - General Electric Co on Friday reported a 2.5 percent rise in profit from continuing operations, topping Wall Street expectations, as solid demand in the United States and emerging markets offset weakness in Europe.
U.S. SEC, CFTC seek Japan's help in Tibor probe: Nikkei
TOKYO (Reuters) - The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission have asked Japanese banks and regulators for help in checking whether the Tokyo interbank offered rate, known as Tibor, was manipulated by U.S. banks and others, the Nikkei business daily said.
AMR flight attendants to vote on labor contract
NEW YORK (Reuters) - Leaders of American Airlines' flight attendants' union will let its members vote on the company's latest contract offer, possibly heading off a threat by the carrier to abandon current labor deals and impose stricter terms unilaterally.
Nasdaq boosts Facebook compensation plan to $62 million
WASHINGTON/NEW YORK (Reuters) - Nasdaq OMX Group Inc plans to pay out $62 million in cash to firms that lost money in Facebook Inc's bungled initial public offering in May, modifying an earlier plan that drew intense criticism from market makers and other exchanges.
Wall Street Week Ahead: Apple, Facebook take the spotlight
NEW YORK (Reuters) - The trend of better-than-expected earnings will be put to the test in the coming week when investors hope Apple can exceed already high expectations for the tech giant and Facebook reports its first quarterly earnings.
Exclusive: Labor Dept looking into JPMorgan stable value fund
NEW YORK (Reuters) - The U.S. Department of Labor is looking into whether JPMorgan Chase & Co violated its fiduciary duty under the Employee Retirement Income Security Act in connection with one of its stable value funds.
AT&T, CWA reach agreements "in concept"
(Reuters) - The second largest U.S. mobile operator AT&T Inc reached agreements "in concept" with the Communications Workers of America in AT&T Midwest and AT&T Corp core wireline contract negotiations.
ECB's Coeure says negative bank deposit rate an option
MEXICO CITY (Reuters) - Cutting the deposit rate the European Central Bank offers lenders in the euro zone below zero is an option, ECB Executive Board Member Benoit Coeure said on Friday.
