Commutee

Merrill Lynch to pay $42 million for misleading customers: SEC

June 19, 2018 by  
Filed under News

WASHINGTON (Reuters) – Bank of America Corp subsidiary Merrill Lynch will pay a $42 million penalty for lying to customers about how it handled their orders, the top U.S. securities regulator said on Tuesday.


Source: Reuters Business News

FedEx shares hit by U.S.-China trade tensions ahead of earnings

June 19, 2018 by  
Filed under News

NEW YORK (Reuters) – FedEx Corp shares suffered their worst sell-off in two months ahead of the package delivery company’s quarterly results on Tuesday, as the latest U.S.-China trade tensions stoked fears that swept through the industrial sector.


Source: Reuters Business News

ZTE, U.S. suppliers shares tank after Senate puts Trump reprieve in doubt

June 19, 2018 by  
Filed under News

HONG KONG (Reuters) – Shares of ZTE Corp and its American business partners took a hit on Tuesday after the U.S. Senate’s passage of a defense bill set up a potential battle with the White House over whether the Chinese telecoms firm can resume business with U.S. suppliers.


Source: Reuters Business News

Trump determined to hit China as tit-for-tat tariff war erupts

June 19, 2018 by  
Filed under News

WASHINGTON/BEIJING (Reuters) – China has underestimated President Donald Trump’s resolve to press ahead with tariffs unless Beijing changes its “predatory” trade practices, a top U.S. trade advisor said on Tuesday, in comments that undercut the chances of a negotiated settlement to a looming trade war between the world’s economic superpowers.


Source: Reuters Business News

Facebook expands offerings for video creators to cash in on views

June 19, 2018 by  
Filed under News

SAN FRANCISCO (Reuters) – Facebook Inc launched a matchmaking system Tuesday to cultivate partnerships between advertisers and video creators as the world’s largest social media company tries to quickly parallel the variety of commercial opportunities offered by its video rival YouTube.


Source: Reuters Business News

CFTC asks JPMorgan to pay $65 million to settle swap rate manipulation charge

June 18, 2018 by  
Filed under News

WASHINGTON (Reuters) – JPMorgan Chase Bank NA will have to pay a $65 million civil penalty to settle charges that it attempted manipulating ISDAFIX benchmark swap rates between 2007 and 2012, the U.S. Commodities Futures Trading Commission said on Monday.


Source: Reuters Business News

How U.S. tax reform rewards companies that shift profit to tax havens

June 18, 2018 by  
Filed under News

(Reuters) – The corporate tax cut passed by U.S. President Donald Trump and fellow Republicans that was in part designed to help dissuade U.S. companies from moving profits overseas may instead make the practice a lot more rewarding.


Source: Reuters Business News

EU antitrust regulators to rule on Blackstone's F&R deal by July 20

June 18, 2018 by  
Filed under News

BRUSSELS (Reuters) – EU antitrust regulators will decide by July 20 whether to clear U.S. private equity firm Blackstone Group’s US$20 billion acquisition of a majority stake in Thomson Reuters’ Financial and Risk (F&R) unit, a filing on the EU competition watchdog’s website showed on Monday.


Source: Reuters Business News

Fujifilm sues Xerox for well over $1 billion after aborted merger

June 18, 2018 by  
Filed under News

NEW YORK (Reuters) – Fujifilm Holdings Corp sued Xerox Corp on Monday for well over $1 billion, faulting the printer and copier company for succumbing to pressure from activist investors Carl Icahn and Darwin Deason in calling off a proposed merger.


Source: Reuters Business News

Head of VW's Audi arrested in Germany over diesel scandal

June 18, 2018 by  
Filed under News

FRANKFURT (Reuters) – Volkswagen was holding crisis talks on Monday to find a stand-in boss for its Audi brand, a source familiar with the discussions said, after German authorities arrested Audi CEO Rupert Stadler as part of a probe into emissions test cheating.


Source: Reuters Business News

Next Page »