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U.S. Morning Call: Barclays boasts new boss

Thursday, August 30, 2012 - 02:21

Aug 30 - Britain's Barclays has picked softly spoken retail boss Anthony Jenkins as its new chief executive after Bob Diamond's shameful exit following a rate-rigging scandal.

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A new boss of Barclays and a final countdown for the Fed here at the top headlines for Thursday morning. Anthony Jenkins stepped into the issues of Barclays Bob Diamond to lead the beleaguered British bank. Jenkins was plucked from the retail division of the firm. He has no experience in investment banking the biggest growth driver Barkley is but also the root of its rate -- problems. In a memo to staff today Jenkins said Barclays had made serious mistakes recently and needs to change. Shares of Barclays down just over percent today. And on this side of the -- take another man is claiming all the attention the Fed's Ben Bernanke. The countdown is underway we are one day two hours and 29 minutes away. From big -- speech in Jackson Hole. Head of the Fed's power out US stock futures point to a lower open as markets for me in suspense. The Euro edging higher against the dollar before the meeting. And -- inching up 213. Dollars a barrel also reacting to the policy talk. Brushing off concerns from -- which has now been reduced to a tropical storm. Chain stores reporting monthly sales this morning more people buying in bulk. Wholesaler Costco posted a 6% rise in comparable sales in August beating analysts' forecasts. All that demand for ten pound jars of mayonnaise like gas. Also keep an eye out for the gap and Macy's add a little later. An hour from now we'll see jobless claims filings from last week a Reuters poll forecast claims economy at 370000. Down from 372000. The week before. Some stocks keep your eye out Citigroup agreed to pay 590. Million dollars to settle lawsuit. Shareholders accused the bank of hiding tens of billions of dollars of toxic mortgage assets during the financial crisis stocks down slightly in the premarket. The royal bank of Canada's profit rose 73% in the third quarter. Beating estimates and prompting Canada's largest bank to hike its quarterly dividend by 5% today. And pandora media reported better than expected results on higher ad revenue shares the company up almost 13% in the premarket. That's your morning -- Thursday for the latest headlines follow us on Twitter at Reuters Insider and check at a Reuters YouTube channel that is Reuters dot com slash writers TV. I'm Lisa Bernhard this is Reuters.

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U.S. Morning Call: Barclays boasts new boss

Thursday, August 30, 2012 - 02:21