Finance News – US Federal Reserve, Warren Buffett, S&P 500, Deferred Pay Draws Fed’s Scrutiny
U.S. banks and securities firms would have to step up their compensation disclosures under rules being considered by the Federal Reserve, said a person familiar with the central bank’s regulatory efforts.
Buffet Discusses Heinz Deal
Buffett said 3G will oversee operations at Heinz, praising the Brazilian investment company’s record with Burger King, which it bought in 2010 and then took public last year. The Heinz deal is the biggest ever in the food industry, where Buffett has previously snapped up See’s Candies and Dairy Queen ice cream shops. Heads up Xoom, a San Francisco online money-transfer service, begins trading as a public company Friday on the Nasdaq Stock Market.
Shrewd Mystery Broker Expects a Market Setback
The fear of an imminent macro meltdown or policy debacle has receded from foreground to background, but is a meaningful pullback coming?