Morgan Stanley unit to pay $10 million fine for anti-money laundering violations
Wall Street’s industry funded watchdog fined the U.S. brokerage unit of Morgan Stanley $10 million on Wednesday for compliance failures in the firm’s anti-money laundering program, the regulator said.
Lawsuit against Boeing over Lion Air crash demands Chicago jury trial
The family of a man who was killed when a Lion Air flight crashed in October has sued Boeing Co, alleging the 737 MAX 8 aircraft was “unreasonably dangerous” and demanding a jury trial in Chicago, where the U.S. manufacturer is based.
Oil rebounds from steep slide but growth fears still weigh
Oil rebounded from recent losses on Wednesday, gaining more than 1 percent on perceptions that the price slide to 2017 lows prompted by economic worries has gone too far, too fast.
S&P in red as Wall Street rally fades
The S&P 500 slipped into the red on Monday, reversing course after having risen more than 1 percent earlier in the session and pushing the benchmark index closer toward bear market territory.
Facebook shares could hit $160 in 2019: Citron
Short-seller Citron Research on Wednesday backed Facebook Inc, saying the stock could hit $160 in 2019 as the company’s revenue and user base have seen little impact from the reported data scandals and privacy issues this year.
Rusal board chairman quits as part of U.S. sanctions waiver deal
Russian aluminum company Rusal said on Wednesday that board chairman Matthias Warnig resigned as part of a restructuring it agreed to implement in exchange for a waiver from U.S. sanctions.
Wall Street opens higher after four session slide
U.S. stocks opened higher on Wednesday, led by technology and retail shares, after a punishing few sessions left the benchmark S&P 500 on the brink of bear market territory.
Exxon continues drilling offshore Guyana despite Venezuela incident
Exxon Mobil Corp said on Wednesday its oil drilling and development activities offshore Guyana were unaffected despite neighboring Venezuela’s navy stopping two seismic survey vessels the company had hired.
Russia’s Rusal board chairman steps down in line with U.S. instructions
Russian aluminum giant Rusal said on Wednesday that Matthias Warnig, chairman of its board of directors, had resigned as part of a restructuring process the company agreed to implement so that the U.S. Treasury can remove it from the sanctions list.
U.S. holiday shopping season best in six years: report
Sales in the 2018 U.S. holiday shopping season rose 5.1 percent to over $850 billion, the strongest in six years, according to a Mastercard report on Wednesday, as shoppers were encouraged by a robust economy and early discounts.
