NordLB owner Lower Saxony reviewing measures to strengthen bank’s capital
German lender NordLB’s chairman Reinhold Hilbers said on Friday the German state of Lower Saxony was reviewing how it could strengthen the public sector lender’s balance sheet after it scored worst among German banks in European stress tests.
Consumer companies try price hikes as U.S. wages climb
Consumer goods companies, emboldened by a strong U.S. economy, are rolling out price increases on everyday products and groceries after several years of haggling with big retailers that needed cheaper products to attract customers.
Wall Street reverses three-day rally as Apple falls, trade optimism fades
U.S. stocks were on track to snap a three-day rally on Friday after White House economic adviser Larry Kudlow weakened optimism over U.S.-China trade talks and as Apple shares dropped following a disappointing forecast.
Britain’s Barclays, Lloyds shock in EU bank stress test
Britain’s Barclays and Lloyds were the surprise laggards in a European Union bank health check on Friday, although none of the 48 lenders tested failed a major capital threshold.
Italy’s Banco BPM says one-off costs weighed on stress test outcome
Italy’s Banco BPM , one of the banks that fared the worst in Europe-wide stress tests of the sector, said on Friday one-off costs had weighed on the outcome of the health check.
Google’s top Washington lobbyist stepping down
Google’s top lobbyist in Washington is stepping aside as the U.S. technology company faces criticism on Capitol Hill on issues including privacy protections and its investment plans in China, the Alphabet Inc unit said on Friday.
Deutsche edges up in EU stress tests, still among worst 10 banks in Europe
Deutsche Bank on Friday scored among the ten worst banks in the latest round of European stress tests, yet another sign of weakness at Germany’s largest lender.
Tesla discloses more regulatory credits helped profit in third quarter
Tesla booked $189.5 million in automotive regulatory credits in its third quarter which helped contribute to profitability, the company said in a quarterly filing on Friday.
U.S. allows eight importers to keep buying Iran oil for now
The United States said on Friday it will temporarily allow eight importers to keep buying Iranian oil when it re-imposes sanctions on Monday to try to force Iran to curb its nuclear, missile and regional activities.
Wall Street snaps three-day rally as Apple falls, trade hopes fade
U.S. stocks fell for the first time in four days on Friday after White House economic adviser Larry Kudlow deflated optimism over Sino-U.S. trade talks and as Apple dragged technology stocks lower following a disappointing forecast.
