The Traderszone Network

Snagging the top job at Twitter would be a triumphant return to the helm of the microblogging service that Dorsey helped invent but from which he was previously fired as CEO in 2008. News reports have said that Dorsey, who at times has expressed interest in careers from fashion designer to New York City mayor, struggled to manage frequent outages during a period of exploding growth at the service. Wall Street investors reacted positively, briefly sending Twitter’s shares up as much as 6.8 percent.

Federal Reserve Chair Janet Yellen did not comment on the U.S. economy or monetary policy in brief welcoming remarks to a community banking symposium on Wednesday. It was Yellen’s first public appearance since a health scare last week in Massachusetts in which she stumbled over her words and struggled to complete a nearly hour-long speech. The Fed said at the time she suffered from dehydration after a long day, and was cleared by an emergency medical technician to proceed with a planned dinner that evening.

BRUSSELS/LONDON (Reuters) – A $70 billion debt package being arranged to fund Anheuser-Busch InBev’s (ABI.BR) takeover of SABMiller (SAB.L) still leaves the world’s largest brewer with a tricky balancing act in satisfying a range of shareholder camps with different needs. SABMiller’s two major shareholders face potential capital gains taxes, so may want to get paid in shares – which would conflict with AB InBev’s controlling shareholders’ desire to limit the dilution to their control that would come with issuing new shares.

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While markets have become more automated and efficient, they have also become so complicated and fragmented that complex products and market strategies are often not well understood by investors, the public and regulators, said Democratic SEC Commissioner Kara Stein. “The current environment sometimes feels closer to a massive computer game than a system dedicated to allocating capital efficiently and serving investors,” she said in prepared remarks to the Securities Traders Association in Washington DC.

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U.S. business groups have voiced their opposition to blocking specific products, like tobacco, from rules letting foreign companies sue governments over damage to investments as Pacific trade ministers gather to finalize an ambitious trade deal. Ministers from the 12 nations negotiating the Trans-Pacific Partnership, the biggest trade deal in a generation, will meet in Atlanta later on Wednesday to try to close the pact.

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Taxable bond mutual funds have lagged the stock market in the past 10 years, but they’re looking steadier amid the stock market sell-off. The average taxable bond mutual fund rose an average annual 4.32% the past 10 years vs. 6.61% for the S&P 500. A $10,000 investment made in the average taxable bond fund on June 20, 2005, would have risen to $15,611 by Sept. 29 this year, according to Morningstar Inc. data.

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Headlines from Federal Reserve’s Lael Brainard (member of the U.S. Federal Reserve’s Board of Governors)
The comments are unrelated to the economy or monetary policy.