HomeReuters Business News – Michael Steinberg, United States, Bank of America Corp, General Motors CoBusinessReuters Business News – Michael Steinberg, United States, Bank of America Corp, General Motors Co

Reuters Business News – Michael Steinberg, United States, Bank of America Corp, General Motors Co

Insider-trading trial of SAC Capital’s Steinberg to start November 18
NEW YORK (Reuters) – A federal judge has set November 18 for the start of the criminal trial of Michael Steinberg, the most senior employee of Steven A. Cohen’s hedge fund SAC Capital Advisors to be indicted for insider trading.

Big four U.S. brokerage firms are thriving, not diving: report
NEW YORK (Reuters) – Forecasts of a steady deterioration in profit at Merrill Lynch, Morgan Stanley , Wells Fargo Advisors and UBS Wealth Management Americas are highly exaggerated, analysts at Sanford C. Bernstein & Co. declared in a new report on Friday.

Housing regulator lifts objection to $8.5 billion BofA deal
NEW YORK (Reuters) – The Federal Housing Finance Agency on Friday withdrew its conditional objection to Bank of America Corp’s proposed $8.5 billion settlement with investors in Countrywide mortgage-backed securities.

What Is General Motor’s Target Demographic?
DETROIT (Reuters) – Dan Akerson is pushing General Motors Co to build cars that the U.S. automaker’s top executive hopes will attract a target demographic: his grandkids.



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