| MS’s McVey looking to reduce equity exposure Morgan Stanley Investment Management’s head of macro, asset allocation looks to lighten up on equities, and likes long U.S. diversified financials versus European banks. feeds.marketwatch.com |
US restricts, EU bans controversial diabetes pill By MATTHEW PERRONE 2010-09-23T20:18:17ZEuropean regulators ordered the diabetes drug Avandia off the market and the Food and Drug Administration placed stringent restrictions on its use in the United States, saying heart attack risks associated with the former blockbuster are too great a safety concern to continue its use for most people.... hosted.ap.org |
US Treasury chief Timothy Geithner says America will not engage in dollar devaluation Treasury Secretary says the US would not engage in a currency war by devaluing the dollar to boost its flagging economy. telegraph.co.uk |
Europe Markets: FTSE closes at highest level in six months London’s top stock index closes at its highest level in six months Thursday, with BT Group and British Airways making strong gains, while upbeat corporate news in Europe and the U.S. helps, along with China growth data that lifts miners. feeds.marketwatch.com |
Takeover Code 'gives power back to targets' The Takeover Panel's proposed new rules will give "the whip hand" back to companies under siege from hostile takeovers. telegraph.co.uk |