FCC faces tough questions from court on net neutrality repeal
A federal appeals court asked pointed questions of the Federal Communication Commission on Friday in hearing a challenge to whether the Trump administration acted legally when it repealed landmark net neutrality rules governing internet providers in De…
Fed pause validates market fears about U.S. growth
While the U.S. Federal Reserve’s indication it is done raising interest rates – for now – has fueled stock gains, investors worry the U.S. central bank’s pledge is a double-edged sword and implicit confirmation of the markets’ lingering anxiety about g…
Fed pause validates market fears about U.S. growth
While the U.S. Federal Reserve’s indication it is done raising interest rates – for now – has fueled stock gains, investors worry the U.S. central bank’s pledge is a double-edged sword and implicit confirmation of the markets’ lingering anxiety about g…
Focused on Powell, markets missed signs Fed would pause
The Federal Reserve’s decision Wednesday to scrap a promise for further rates hikes and be “patient” on further moves took financial markets and economists by surprise, but the signs were plain to see.
Fed’s Kaplan says he has had concerns on risks since October
The Federal Reserve is doing the right thing by keeping interest rates on hold and should do so for months, not weeks, as it assesses downside risks, Dallas Federal Reserve Bank president Robert Kaplan said on Friday, adding that this has been his view…
Goldman Sachs says 1MDB scandal could hit pay for top executives
The board of Goldman Sachs Group Inc said on Friday it is withholding a bonus worth at least $7 million from former chief executive Lloyd Blankfein until investigations into the bank’s involvement in the 1MDB scandal are resolved.
Bombardier faces penalties over late deliveries in Toronto: Metrolinx
Bombardier Inc faces financial penalties for the late delivery of three vehicles, a Toronto-area transportation agency said on Friday, as the Canadian maker of planes and trains comes under additional pressure for the performance of its largest divisio…
GE wins $517 million U.S. defense contract: Pentagon
General Electric Aviation, a unit of General Electric Co, has been awarded a $517 million U.S. Army contract for the engineering and manufacturing development phase of the Improved Turbine Engine Program, the Pentagon said on Friday.
Democratic lawmaker re-introduces bills to strengthen antitrust
Senator Amy Klobuchar, the top Democrat on the Senate Judiciary Committee’s antitrust panel, said on Friday that she had re-introduced two bills aimed at strengthening enforcement of U.S. antitrust law.
U.S. agency seeks approval to take over Sears pensions
A U.S. agency that insures worker pensions sought permission on Friday to take over two underfunded Sears Holdings Corp pension plans, after objecting to Sears Chairman Eddie Lampert’s proposed $5.2 billion buyout of the bankrupt retailer.
