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Oct 1, 2014

U.S. Department of the Treasury Report - October 1, 2014: Nearly 100,000 Jobs Supported by U.S. Treasury’s State Small Business Credit Initiative.

U.S. Department of the Treasury Logo


Funds Support Small Businesses Nationwide and Create Jobs
 
WASHINGTON - The U.S. Treasury Department’s State Small Business Credit Initiative (SSBCI) today released new data detailing how the program continues to help small businesses grow and create jobs. Since the beginning of the program, the Treasury Department has provided more than $1 billion in SSBCI funds to participating states.  Of that amount, states have expended $590 million, which leveraged more than $4 billion in new loans and investments to approximately 8,500 businesses through 2013. Business owners have reported that more than 95,000 jobs will be created or saved as a direct result of SSBCI support. Additionally, 80 percent of SSBCI supported loans or investments went to businesses with ten employees or less.  
 
“Small businesses and entrepreneurs need capital to build and grow their businesses,” said Deputy Treasury Secretary Sarah Bloom Raskin. “Through the State Small Business Credit Initiative, the U.S. Treasury Department and private sector lenders and investors are driving economic growth in America’s small businesses. The data released today show that this program continues to provide small business owners with access to the resources they need to create jobs.”

DealBook P.M. Edition - October 1, 2014: Top Story: Senior Financial Prosecutor Is Leaving.

For the latest updates, go to dealbook.nytimes.com »
WEDNESDAY, OCTOBER 1, 2014
TOP STORY
David O'Neil, the head of the Justice Department's criminal division in Washington.
Senior Financial Prosecutor Is Leaving As acting head of the Justice Department's criminal division, David A. O'Neil homed in on a case involving BNP Paribas. Now that the case is closed - with a guilty plea from the bank - he is moving on, most likely to a job at a white-shoe law firm.
For the latest updates, go to dealbook.nytimes.com »
DEALBOOK HIGHLIGHTS
In Debt: When Debt Markets Don't Really Act as Markets Several recent bankruptcy cases and news events have shown that municipal and corporate debt securities have faced issues in pricing and trading, Stephen J. Lubben writes in an In Debt column.
William Ackman, tha activist hedge fund manager.
Ackman Fund Raises More Than $3 Billion in Amsterdam I.P.O. The initial public offering of Pershing Square Holdings is expected to give the activist investor William A. Ackman a permanent pool of capital to make bigger, bolder bets.
Ralph V. Whitworth, a co-founder of Relational Investors, has been won praise as an activist investor.
Relational Investors, an Activist Firm, Is Said to Plan a New Fund Relational Investors, one of the most prominent activist investors around, is planning to start up a new fund that will give more day-to-day control to the firm's younger executives, a person briefed on the matter says.
Leaders of Jefferies Cheer, Give Us B-E-T-T-E-R In their monthly newsletter to employees, the chief executive of the Jefferies Group and the chairman of the executive committee implored the company's nearly 4,000 employees to rethink how they approach their business and their lives.
Snoop Dogg, Marc Andreessen and Jared Leto.
With Reddit Deal, Snoop Dogg Moonlights as a Tech Investor The hip hop star is joining prominent tech investors in a $50 million financing round. He's popular on Reddit, and more than willing to discuss a popular topic there: marijuana.
Rocket Internet Prices Its I.P.O. The German technology company Rocket Internet has priced its initial public offering at the top of its price range at 42.5 euros a share, valuing the company at roughly $8.4 billion.
Allergan is the maker of Botox.
Proxy Advisory Firm Seeks Shareholder Vote at Allergan, Maker of Botox Institutional Shareholder Services pointed to Darden, the embattled restaurant group, that sold its largest chain, Red Lobster, for unfavorable terms before shareholders could weigh in.
The Goldman Sachs headquarters, center, in New York.
Reuters Breakingviews: Goldman's New Conflict Rules Go Only So Far Goldman Sachs imposed limits on bankers over investing in specific stocks, bonds and hedge funds. But, Jeffrey Goldfarb of Reuters Breakingviews asks, why are Wall Street deal makers allowed to own individual securities?
Adidas, the German sportswear giant, plans to begin buying back shares in the fourth quarter.
Adidas Plans to Buy Back Up to $1.9 Billion in SharesThe buyback comes as the German sportswear giant's shares have been under pressure in the face of stiff competition from Nike and other rivals.
A logistics center for the online retailer Zalando in Erfurt, Germany.
Shares of German Online Retailer Zalando Rise in Frankfurt Debut The shares rose as much as 14 percent in their first day of trading, but retreated from that level later in the session.
UBM to Buy U.S. Trade Show Organizer for $972 Million The British media and marketing firm's acquisition of Advanstar, a private company, would create the largest events organizer in the United States.
LOOKING AHEAD
September Employment Figures On Friday, the Labor Department will report the latest figures on unemployment and job creation in September. According to estimates from economists, employers added around 213,000 jobs in September, up from 142,000 in August. The unemployment rate is expected to hold steady at 6.1 percent. The consensus also calls for a rise of average hourly earnings in August of 0.2 percent, another important indicator of economic health.
Stimulus Plans for Euro Zone The European Central Bank meets in Naples on Thursday. No action on interest rates is expected - they are already as low as they can go. However, the central bank will give more details on its plans to buy private sector assets as a way of encouraging bank lending and pumping money into the euro zone economy. Analysts will also be watching for any signs that the bank is getting closer to large-scale purchases of government bonds.
Meeting on Europe's Online Regulation Leaders from some of the world's largest telecom and digital companies, like Vodafone and Netflix, will meet in Brussels on Wednesday. They will discuss a new wave of regulation, including tougher online privacy rules, that is expected to come into force across Europe next year.
For the latest updates, go to dealbook.nytimes.com »

WSJ | Most Actives Closing on October 1, 2014.

Most Actives Closing
Most Active Stocks by Volume
4:46 pm ET 10/01/2014
NYSE
ISSUEVOLUMEPRICECHG% CHG
Bank of America (BAC)87,162,289$16.82-0.23-1.35
Petroleo Brasileiro ADS (PBR)66,981,50813.30-0.89-6.27
Ford Motor (F)55,006,66814.59-0.20-1.35
General Electric (GE)40,759,33525.16-0.46-1.80
Rite Aid (RAD)40,207,3714.81-0.03-0.62
Vale ADS (VALE)35,274,64010.86-0.15-1.36
Pfizer (PFE)32,930,49629.15-0.42-1.42
Advanced Micro Devices (AMD)32,849,1533.35-0.06-1.76
Coca-Cola (KO)29,742,61542.740.080.19
Ambev ADS (ABEV)29,701,5426.30-0.25-3.82
General Motors (GM)29,150,81232.490.551.72
J.C. Penney (JCP)27,014,8309.31-0.73-7.27
AT&T (T)24,763,05234.96-0.28-0.79
Vivint Solar (VSLR)24,738,23616.010.010.06
Delta Air Lines (DAL)24,683,98334.90-1.25-3.46
Twitter (TWTR)24,548,96550.06-1.52-2.95
Alibaba Group Holding ADS (BABA)23,914,69486.10-2.75-3.10
Alcoa (AA)21,521,25715.70-0.39-2.42
AK Steel Holding (AKS)20,762,2517.25-0.76-9.49
Citigroup (C)20,382,62451.10-0.72-1.39
EMC (EMC)19,935,69228.43-0.83-2.84
Sprint (S)19,133,0336.25-0.09-1.42
Petroleo Brasileiro ADS A (PBRA)18,292,11313.84-1.05-7.05
JPMorgan Chase (JPM)18,221,59359.77-0.47-0.78
Cliffs Natural Resources (CLF)17,658,4119.77-0.61-5.88

WSJ | Biggest Gainers Closing on October 1, 2014.

Biggest Gainers Closing
Biggest Gainers
4:46 pm ET 10/01/2014
NYSE
ISSUEVOLUMEPRICECHG% CHG
Acuity Brands (AYI)1,753,933$130.6212.9110.97
New York Times Cl A (NYT)3,989,94112.301.089.63
Babcock&Wilcox (BWC)2,288,42729.902.217.98
Civeo (CVEO)7,809,21612.520.917.84
PIMCO Global StocksPLUS&Income Fund (PGP)325,77321.681.356.64
RCS Capital (RCAP)2,462,23923.811.295.73
DHT Holdings (DHT)1,965,2706.440.284.55
Xueda Education Group ADS (XUE)261,5553.040.134.47
Furmanite (FRM)573,5227.060.304.44
TPG Specialty Lending (TSLX)449,77016.680.674.18
Just Energy Group (JE)679,8944.850.194.08
Dynegy (DYN)1,563,38230.001.143.95
Clearwater Paper (CLW)251,94262.412.303.83
First Acceptance (FAC)15,7752.570.083.21
Hecla Mining (HL)8,448,1422.550.072.82
Rackspace Hosting (RAX)5,585,86833.460.912.80
Annaly Capital Management (NLY)12,775,15610.970.292.72
Q2 Holdings (QTWO)115,52414.380.382.71
Arcos Dorados Holdings Cl A (ARCO)1,881,5526.140.162.68
Allete (ALE)405,65045.511.122.52
Covidien (COV)7,067,00288.682.172.51
Rally Software Development (RALY)369,20712.310.302.50
Primero Mining (PPP)631,9904.970.122.47
GrubHub (GRUB)1,424,34635.050.812.37
NRG Energy (NRG)7,820,57731.190.712.33