Marts
US stocks climbed, giving the S&P 500 its biggest weekly rally since June, after data showed German business confidence unexpectedly expanded. The Dow Jones Industrial Average advanced 172.79 points to 13009.68 in light trading.
White Knight
Knight Capital Group is in talks about possibly selling its profitable market-making business, wsj.com reported, citing sources.
Schwab idea
Charles Schwab called for a compromise in the money market industry’s showdown with regulators that would impose a floating share value on institutional products that invest in corporate debt.
Kaput
Bertelsmann’s Gruner + Jahr unit decided to shut down its Financial Times Deutschland after the business publication failed to generate a profit in the 12 years since it was founded.
Shack shake
RadioShack hit a 52-week low of $1.90 yesterday before closing flat at $1.91 after the troubled electronics chain was downgraded for the second time in nine months by Standard & Poor’s.