Employee rights group says Wells Fargo declined planned meeting
A union-backed bank employee rights group is complaining after Wells Fargo & Co declined to meet with members last week, according to a letter sent to Chief Executive Tim Sloan viewed exclusively by Reuters.
In major shift, U.S. now exports more oil, fuel than it ships in
The United States last week exported more crude oil and fuel than it imported for the first time on record, underscoring the nation’s growing influence as a supplier of oil to the world.
U.S. crude oil exports surge to record 3.2 million bpd last week: EIA
U.S. crude oil exports surged to 3.2 million barrels per day (bpd) last week, the highest on record, based on data going back to 1991, U.S. Energy Information Administration data showed on Thursday.
BlackRock’s Rieder buying longer-term bonds as Fed pause seems likely
BlackRock Inc’s Rick Rieder is buying longer-term bonds because softening inflation could force the U.S. Federal Reserve to pause interest rate hikes, the top fixed-income investor told Reuters this week.
Deutsche Bank hit by new laundering report; shares slide again
Deutsche Bank defended its record in fighting money laundering on Thursday after the Financial Times reported it had processed 31 billion euros ($35 billion) more in questionable funds for Danske Bank than previously thought.
Trump aide Bolton says he knew in advance about Huawei arrest: NPR reporter
U.S. President Donald Trump’s national security adviser, John Bolton, said in an interview with National Public Radio that he knew in advance about the arrest of a top executive of the Chinese technology giant Huawei Technologies Co Ltd [HWT.UL], accor…
Ride-hail firm Lyft races to leave Uber behind in IPO chase
Ride-hailing company Lyft Inc beat bigger rival Uber Technologies Inc in filing for an initial public offering (IPO) on Thursday, defying the recent market jitters and taking the lead on a string of billion-dollar-plus tech companies expected to join W…
U.S. appeals court hears arguments on stopping AT&T purchase of Time-Warner
A three-judge appeals court panel on Thursday questioned the U.S. Justice Department’s challenge to a lower court approval’s of AT&T Inc’s $85.4 billion acquisition of Time Warner.
Ericsson sorry for software glitch that hits mobile services in Britain and Japan
Sweden’s Ericsson apologized and said it was working hard to fix a software glitch that was responsible for millions of smartphone users in Britain, Japan and other countries losing internet access on Thursday.
Unilever Chief Marketing Officer Weed to retire
The chief marketing officer of Unilever has decided to retire next year, handing incoming CEO Alan Jope his first big hiring decision.
