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Futures mixed as bond yields rise

Stock index futures were mixed on Wednesday, pressured by rising bond yields and a stronger dollar.

Euro zone jitters spread to German bonds

Yields on German government bonds, normally seen as a safe haven by investors, rose on Wednesday as deepening uncertainty over how to stem the euro zone's debt crisis hit even Europe's strongest economy.

S&P set for modest rise, Fortune Brands gains

The S&P 500 was set to rise modestly at the open on Wednesday, boosted by positive corporate news, but a rise in bond yields and the dollar could limit gains.

U.S. sends more subpoenas in insider trading probe

Federal authorities have expanded an investigation into insider trading on Wall Street, bringing to more than one dozen the number of subpoenas sent to hedge funds and other investment firms over the past two weeks, people familiar with the inquiry said.

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USD/CHF in uptrend; aims 1.0331 (R2) above 1.0064 (R1)

The pair seems to have a weak resistance around last week's high of 1.0064 (also 23.6 percent Fibonacci retracement from 1.1729 to 0.9463) and fresh dollar supportive could take it to 1.0331, the 38.2 percent Fibonacci.

Madoff trustee seeks an additional $555 million from UBS

Irving Picard, the court-appointed trustee searching the globe to recover money for defrauded investors of convicted swindler Bernard Madoff, has sought an additional $555 million in recoveries from UBS AG on Tuesday.

Stock index futures mixed

U.S. stock index futures pointed to a mixed open on Wall Street on Wednesday, with futures for the S&P 500 down 0.11 percent, Dow Jones futures down 0.41 percent and Nasdaq 100 futures up 0.03 percent at 1049 GMT.

AUD/USD slips to 5-day low amid live Korea concerns; targets 0.9723 (S1), 0.9707 (S2)

After falling as low as 0.9779 from its previous close of 0.9827, AUD/USD is now targetting 0.9723 (S1) before hitting a relatively stronger support line at 0.9707 (S2).

U.S. bonds extend selloff, yields boost dollar

- U.S. government bonds extended sharp losses on Wednesday over U.S. tax proposals, boosting the appeal of the dollar as yields spiked and sending many investors fleeing for the sidelines.

Corrected: U.S. bond selloff continues, lifts dollar

Corrects to specify Nikkei is near 7-month high, not yen

Blackstone in talks to join Bright Food GNC bid: source

Private equity firm Blackstone Group is in talks to join a bid by China's Bright Food Group Co for U.S. healthcare products seller GNC Holdings Inc, a person who is familiar with the situation said on Wednesday.

U.S. bond selloff continues, lifts dollar

U.S. government bonds extended sharp losses on Wednesday, pushing the dollar higher against the yen and the euro while sending most other investors fleeing to the sidelines.

U.S. bond selloff lifts dollar, Nikkei boosted

A sharp selloff in U.S. government bonds pushed the dollar to its highest in seven months versus the yen on Wednesday, giving the Japanese stock market a boost but sending most other investors to the sidelines.

Opinion: Trouble for gold bulls?

Gold just fell on bullish news, which is arguably a very bearish sign for the yellow metal.

Ireland sets out record austerity budget

The Irish government detailed the toughest budget on record on Tuesday, targeting 6 billion euros in spending cuts and tax hikes, and warning passage was crucial to avert a deeper crisis and free up EU and IMF rescue funds.

TD Bank said in talks to buy Chrysler Financial

Toronto-Dominion Bank is in talks to buy lender Chrysler Financial from private equity firm Cerberus Capital Management , a source said on Tuesday, although a TD official suggested such a transaction was unlikely.

MBIA sues Morgan Stanley over mortgage securities

Bond insurer MBIA Inc accused Morgan Stanley in a lawsuit of misrepresenting the quality of mortgage backed securities insured for over $223 million.

WaMu ends hearings on $10 billion deal to end bankruptcy

WILMINGTON, Del., December 7 - Washington Mutual Inc made its final pitch for court approval of a $10 billion deal to end its two-year bankruptcy, saying it outweighed the risks of legal battles against JPMorgan Chase & Co and a regulator.

Despite volatility, 2010 set to be record IPO year

The amount raised globally from initial public offerings in 2010 is on track to beat any other year on record, according to Ernst & Young, despite waves of market volatility which disrupted many planned listings.

TD Bank eyes Chrysler Financial: source

Toronto-Dominion Bank is in talks to buy lender Chrysler Financial from private equity firm Cerberus Capital Management , a source said on Tuesday.

Google nips Microsoft as government agencies move to the cloud

Google Inc has won a share of a federal government contract that the company hopes will give it a boost over Microsoft Corp as they race to convert government agencies to cloud computing.

Bank of America settles, U.S. continues bond probe

Bank of America Corp will pay $137 million to settle a municipal bond bid-rigging probe which is likely to result in more cases being filed in the coming weeks and months.

One Communications Corp buyers to submit bids Tuesday: sources

EarthLink is one of the few remaining companies likely to make an offer to buy privately held One Communications Corp, as a deadline for bids arrives on Tuesday, said four people close to the deal.

BofA pays $137 million to settle fraud charges

Bank of America Corp will pay $137 million to settle allegations by federal and state authorities that it defrauded buyers of municipal bond derivatives.

Euro zone must avoid piecemeal solution: IMF chief

The euro zone needs a comprehensive solution to the debt crisis rocking the group and must avoid a country-by-country approach, the head of the International Monetary Fund said on Tuesday.

Job vacancies in Australia rise between August and November

Job openings jump to two-year high

The number of job openings in the U.S. climbed to 3.4-million at the end of October, up from 3-million in the prior month, according to data from the Labor Department.

October consumer credit up $3.4 billion

- Total Uconsumer credit rose $3.4 billion in October on rising student loans, which offset a decline in revolving credit, including credit cards, Federal Reserve data showed on Tuesday.

U.S. factory revenue to grow in 2011: ISM

The manufacturing and services sectors will grow in 2011, with manufacturing revenue expected to increase by 5.6 percent, the Institute for Supply Management said in a semi-annual forecast released on Tuesday.

USD/CAD breaks above range; target seen at 1.0109 (R1) before 1.0120 (R2)

Next target up for USD/CAD may be 1.0109 (R1) as suggested by the 38.2 percent Fibonacci retracement from 1.0285 to 1.0001, before a relatively stronger resistance near 1.0120 (R2).

Volatility recedes, volume spikes

Volume in stocks surged on Tuesday as more than 11 billion shares changed hands on the New York Stock Exchange, NYSE Amex and Nasdaq.

Irish government urges passage of demanding budget

The Irish government urged parliament on Tuesday to approve a tough 2011 austerity budget which foresees 6 billion euros in savings and must win passage for the country to receive emergency loans from the EU and IMF.

IMF chief criticizes euro zone crisis management

The head of the International Monetary Fund criticized Europe's disjointed response to the euro zone debt crisis on Tuesday after Germany and other states resisted his calls for bolder action.

Citigroup shares rise after bank escapes U.S. fetters

Shares of Citigroup Inc rose 4 percent on Tuesday, a day after the U.S. government sold off its remaining stake in the bailed-out banking giant.

Wall Street cut gains as insider trading probe heats up

Stocks sharply pared gains late Tuesday afternoon, with indexes pulling back after news that federal authorities have ramped up an investigation into insider trading on Wall Street.

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