Senate approves $1.1 trillion bill to end government funding battle
Reuters: Washington's battles over government funding ended with a whimper on Thursday as the U.S. Senate approved a $1.1 trillion spending bill that quells for nearly nine months the threat of another federal agency shutdown. The measure, which funds thousands of government programs from the military to national parks through Sept. 30, the end of the current fiscal year, passed by a strong 72-26 majority. President Barack Obama is expected to sign it into law.
Breach at Neiman Marcus went undetected from July to December
The New York Times: The computer network at Neiman Marcus was penetrated by hackers as far back as July, and the breach was not fully contained until Sunday, according to people briefed on the investigation. The company disclosed the data theft of customer information late last week, saying it first learned in mid-December of suspicious activity that involved credit cards used at its stores. It issued another notice on Thursday, elaborating slightly.
Morgan Stanley surpasses estimates on record brokerage earnings
Bloomberg: Morgan Stanley, owner of the world's largest brokerage, reported profits that beat analysts' estimates as equity-trading revenue increased and earnings from wealth management climbed to a record. Fourth-quarter net income fell to $181 million, or 7 cents a share, from $594 million, or 29 cents a share, a year earlier, the New York-based company said today in a statement. The profit was 50 cents a share, excluding an accounting charge tied to the firm's own debt, a tax benefit and legal expenses, beating the 44-cent average estimate of 26 analysts surveyed by Bloomberg.