GE seeks better insurance returns in junk bonds, other risk assets
General Electric Co will invest more heavily in junk bonds, private equity and other high-yield investments to boost returns at its ailing insurance business, company executives said on Thursday.
Kroger’s $3 billion splurge set to hit earnings, shares slide
Kroger Co projected annual profit below Wall Street estimates on Thursday, as the grocer spends billions of dollars on modernizing its stores and delivery to compete better with Walmart and Amazon.
ECB’s Draghi surprised colleagues with bold stimulus plans: sources
European Central Bank President Mario Draghi caught even dovish rate-setters off guard by pushing on Thursday for unexpectedly generous stimulus after forecasts showed a large drop in economic growth, four sources familiar with the discussion said.
Dovish ECB stance pushes Wall Street to fourth day of losses
Wall Street fell for the fourth straight session on Thursday, weighed down by financial and technology stocks, as investors were spooked by the European Central Bank’s (ECB) return to pump-priming loans to stimulate a struggling euro zone economy.
Global stocks weaken but dollar gains in wake of ECB
A gauge of global stock markets slumped on Thursday while the U.S. dollar rose, as the European Central Bank postponed interest rate rises to 2020 and launched a fresh round of cheap loans to banks to help rejuvenate the euro zone economy.
Exclusive: EPA aims to curb biofuel credit market speculation via five-pillared draft rule
The U.S. Environmental Protection Agency’s proposal to curb speculation in the biofuel credit market will include five measures aimed at preventing hoarding of the credits and improving monitoring to identify potential market manipulation, a source fam…
BNY Mellon puts brakes on changes in work-from-home rules for staff
Bank of New York Mellon Corp backed away on Thursday from changing rules relating to its staff working from home, after a call to reevaluate the option invited severe criticism from employees.
BMW’s China electric car export plans on hold amid tariff uncertainty
BMW’s ambitions to establish China as a hub for exporting electric cars are in limbo because of uncertainty over potential trade tariffs between China and the United States, company executives told Reuters.
Marriott CEO apologizes for data breach, vows improvements
Marriott International Inc Chief Executive Arne Sorenson apologized on Thursday before a U.S. Senate panel for a massive data breach involving up to 383 million guests in its Starwood hotels reservation system and vowed to protect against future attack…
Wall Street falls on losses in bank stocks after ECB announces stimulus
Wall Street fell on Thursday, led by financials stocks, as investors were spooked by the European Central Bank’s (ECB) return to pump-priming loans to stimulate a struggling euro zone economy.
