Fed may be open to changes to balance sheet plan, minutes show
Federal Reserve policymakers have indicated they may be open to tweaking a longstanding plan to shrink the central bank’s balance sheet, including by shedding housing-backed bonds earlier than anticipated or keeping a bigger-than-expected portfolio of …
Mexico fuel shortage worries industry as lines in capital grow
Gasoline shortages in Mexico sparked by a crackdown on fuel theft prompted warnings from business leaders that industries like carmaking will suffer if the shortfalls persist as lines at gas stations in the capital grew on Wednesday.
Exclusive: Sears chairman submits new roughly $5 bln bid to save retailer – sources
Sears Holdings Corp Chairman Eddie Lampert submitted a revised roughly $5 billion takeover bid for the company on Wednesday, people familiar with the matter said, boosting the chances that the U.S. department store operator will escape liquidation.
Judge proposes PG&E power restrictions for next California fire season
A U.S. judge on Wednesday proposed restricting utility PG&E Corp from using power lines deemed to be unsafe during high winds in the 2019 California fire season, adding another complication for the California utility as it faces billions of dollars in wildfire liabilities.
U.S. Fed may be open to changes to balance sheet plan, minutes show
Federal Reserve policymakers have indicated they may be open to tweaking a longstanding plan to shrink the central bank’s balance sheet, including by shedding housing-backed bonds earlier than anticipated or keeping a bigger-than-expected portfolio of …
Exclusive: Sears chairman submits new roughly $5 billion bid to save retailer – sources
Sears Holdings Corp Chairman Eddie Lampert submitted a revised roughly $5 billion takeover bid for the company on Wednesday, people familiar with the matter said, boosting the chances that the U.S. department store operator will escape liquidation.
China says trade talks with U.S. set foundation to resolve concerns
Trade talks between China and the United States this week were extensive, and helped establish a foundation for the resolution of each others’ concerns, China’s commerce ministry said on Thursday, but gave no details on the issues at stake.
Asian shares start cautiously after trade talks end, dovish Fed minutes
Asian shares began cautiously on Thursday, struggling to rise after a multi-day rally as markets await more news on U.S.-China trade talks that have raised hopes of a deal to avert an all-out trade war.
Fiat Chrysler to pay more than $700 million over U.S. diesel emissions claims: sources
Fiat Chrysler Automobiles NV will pay more than $700 million to resolve lawsuits from the U.S. Justice Department and diesel owners over claims it used illegal software to allow 104,000 diesel vehicles to emit excess emissions, three people briefed on…
Judge proposes PG&E power restrictions for next California fire season
A U.S. judge on Wednesday issued a proposed order to restrict utility PG&E from using power lines deemed to be unsafe during high winds in the 2019 California fire season, according to a court filing.
