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NEW YORK Stock futures edged higher on Wednesday, setting Wall Street up for a sixth day of gains, as investors anticipated the U.S. Federal Reserve will announce a new round of bond buying to support the economy. * India’s government announced an inquiry into lobbying practices by Wal-Mart Stores Inc. on Wednesday after a report that the giant retailer had pressed U.S. lawmakers to help gain access to foreign markets. * Costco Wholesale Corp posted a 30 percent rise in quarterly profit, beating expectations, as the largest U.S. warehouse club chain saw sales rise and got a lift from higher [...]

ATHENS Greece is set to purchase back about half of its debt owned by private investors, broadly succeeding in a bond buyback that is key to the country’s international bailout, a Greek government official said on Saturday. Greek and foreign bondholders offered the targeted 30 billion euros ($ 38.8 billion) in the deal, which is central to efforts by Greece’s euro zone and International Monetary Fund lenders to cut its debt to manageable levels. “The buyback went well in broad terms. The amount offered by investors was within the range expected, about 30 billion euros,” the official told Reuters on [...]

ATHENS Greece is set to purchase back about half of its debt owned by private investors, broadly succeeding in a bond buyback that is key to the country’s international bailout, a Greek government official said on Saturday. Greek and foreign bondholders offered the targeted 30 billion euros ($ 38.8 billion) in the deal, which is central to efforts by Greece’s euro zone and International Monetary Fund lenders to cut its debt to manageable levels. “The buyback went well in broad terms. The amount offered by investors was within the range expected, about 30 billion euros,” the official told Reuters on [...]

ATHENS Greece is set to purchase back about half of its debt owned by private investors, broadly succeeding in a bond buyback that is key to the country’s international bailout, a Greek government official said on Saturday. Greek and foreign bondholders offered the targeted 30 billion euros ($ 38.8 billion) in the deal, which is central to efforts by Greece’s euro zone and International Monetary Fund lenders to cut its debt to manageable levels. “The buyback went well in broad terms. The amount offered by investors was within the range expected, about 30 billion euros,” the official told Reuters on [...]

ATHENS Greek and foreign bondholders offered about 30 billion euros ($ 38.8 billion) in a buyback plan that is key to the country’s international bailout, a Greek government official said on Saturday. “The buyback went well in broad terms. The amount offered by investors was within the range expected, about 30 billion euros,” the official told Reuters on condition of anonymity. ($ 1 = 0.7735 euros) (Reporting by George Georgiopoulos, writing by Harry Papachristou)

NEW YORK Two former clients of Bernard Madoff urged an appeals court to revive their claims against the estate of a Florida businessman who had been one of the money manager’s biggest clients, in a battle with a trustee over recoveries from the Ponzi scheme. The case before the 2nd U.S. Circuit Court of Appeals in Manhattan centered on the authority of trustee Irving Picard, who is liquidating Madoff’s firm, to reach settlements that let victims recover some of their money. At a hearing on Thursday, lawyers for Adele Fox and Susan Marshall asked the 2nd Circuit to undo an [...]

Investors suing to recoup losses from Argentina’s 2002 debt default have asked a U.S. court to order the country post a security deposit of at least $ 250 million by December 10, while an appeal of a lower court’s order is pending. In an emergency motion filed late Friday, the “holdout” creditors urged the 2nd U.S. Circuit Court of Appeals to modify its ruling from Wednesday that halted an order for Argentina to deposit $ 1.33 billion into an escrow account by December 15 on the investors’ behalf. They say this only gives Argentina more time to plot a way [...]

NEW YORK Eye-catching quarterly results by Target, Home Depot and other big U.S. consumer names were among the bright spots in a third quarter that was disappointing for many other companies. Major sellers of discretionary goods posted upside earnings surprises at the tail-end of the earnings season. This helped the S&P 500 stock index end the quarter about even from a year earlier. Analysts had expected companies in the index to post the first quarterly earnings decline in three years. Consumer discretionary stocks show signs of strength that much of the S&P 500 does not – double-digit year-over-year growth, a [...]

NEW YORK Gravity has taken hold of Apple, and a lot of investors have been smacked on the head. Apple Inc, the largest U.S. stock by market value, was headed toward its eighth straight week of declines on Friday, as the rush to secure profits before a potential hike in capital gains taxes next year has investors dumping the market favorite. Since hitting a record high of $ 705.07 a share in September, Apple has lost about a quarter of its value. The stock’s descent has vastly outpaced those of the S&P 500, which is down just under 7 percent [...]

TOKYO Olympus Corp <7733.T> shareholders have filed suit against the company in a Tokyo court seeking 19.1 billion yen ($ 240.5 million) in compensation over an accounting fraud that was one of corporate Japan’s biggest scandals. The camera and medical equipment maker said on Tuesday that 48 institutional investors and pension funds, mostly foreign investors and pension funds including the Teachers’ Retirement System of the State of Illinois and Pioneer Asset Management SA in Luxembourg, had filed the suit in Tokyo District Court. “It is still unclear at this point how much this may affect our financial results,” said Olympus [...]

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