Author: FX_Trdr

Investment research firm Morningstar Inc said personal information, including credit card details, of about 2,300 users of its Morningstar Document Research service may have been compromised due to a security breach last year.

Investment research firm Morningstar Inc said personal information, including credit card details, of about 2,300 users of its Morningstar Document Research service may have been compromised due to a security breach last year.

The Federal Communications Commission on Friday announced its official approval of two related deals by Sprint Nextel Corp, SoftBank Corp and Clearwire Corp. The regulatory approval was the last hurdle for SoftBank’s $21.6 billion bid to buy 78 percent of Sprint, the No. 3 U.S. wireless provider. Sprint’s bid to buy out the portion of wireless company Clearwire that it doesn’t already own faces a vote by minority shareholders on July 8.

By CountingPips.com

The weekly Commitment of Traders report, usually released every Friday, is on a delayed schedule by the CFTC this week due to holiday schedule. The COT report will be released on Monday 3:30 p.m. Eastern time.

The CountingPips weekly currencies report that analyzes and charts the changes in large speculators positions will be published early next week.

countingpips.com

Investors didn’t know what to make of the jobs report: They were cheered by a big uptick in hiring but worried that the good news will spur the Federal Reserve to scale back its economic stimulus.

Ratings agency Moody’s has placed Royal Bank of Scotland’s credit ratings on review for downgrade after Britain’s finance ministry said it was considering breaking up the bank. The government, which holds an 81 percent stake, has appointed Rothschild to examine whether to transfer RBS’s remaining toxic loans into a so-called ‘bad bank’ leaving the ‘good bank’ better placed to lend.

The Portuguese prime minister Pedro Passos Coelho is working to rebuild the country’s coalition government, but rating agency Standard & Poor’s is sharpening its knife.

Portugal’s prime minister says he’s found a way to maintain government stability following the resignations of the finance minister and foreign minister, in the most damaging political rift since the country received a bailout in 2011. Joanna Partridge reports.

The share of American adults with jobs rose slightly in June, to 58.7 percent. That matches the highest level since the end of the recession, but remains well below the prevailing level before the recession.

Senior BJP leader Raghavji on Friday resigned as Madhya Pradesh finance minister after his domestic help accused him of sodomising him and also presented a CD to the police as evidence of sexual harassment.