GE to pay penalty if falls short of French job pledges: ministry
General Electric’s new CEO told France’s finance minister on Wednesday that it would stick to his predecessor’s French job pledges or pay a penalty, the Finance Ministry said.
Wall St. indexes down in choppy trade after Fed minutes
Wall Street’s three major indexes were lower on Wednesday after the Federal Reserve released minutes from its September meeting that showed broad agreement for the last rate hike and expectations that borrowing costs were set to rise further.
SEC mulls consultation on easing quarterly reporting rules
The U.S. Securities and Exchange Commission (SEC) said in a notice that it will consider seeking public comment on ways to ease the quarterly reporting burden on publicly listed companies.
Indian regulator asks Fortis Healthcare to recover $55 million from founders, eight firms
India’s capital markets regulator has asked Fortis Healthcare to recover 4.03 billion rupees ($55 million) from its founder brothers and firms related to them, pending an investigation into loans made by the company.
Every Fed policymaker was on board for September rate hike: minutes
Every Federal Reserve policymaker backed raising interest rates last month in a meeting where they also generally agreed borrowing costs were set to rise further, according to minutes from the meeting released on Wednesday.
U.S. Senate panel wants Hyundai, Kia to testify on engine fire reports
The Senate Commerce Committee’s Republican chairman and ranking Democrat said on Wednesday they have asked top U.S. executives at Hyundai Motor Co and Kia Motors Corp to testify at a Nov. 14 hearing on reports of engine fires involving vehicles from …
Express Scripts covers Amgen, Lilly migraine drugs, excludes Teva
Express Scripts Holding Co, one of the largest U.S. prescription benefits managers, will cover new migraine drugs from Eli Lilly and Amgen Inc, but exclude a rival medication from Teva Pharmaceutical Industries Ltd after price negotiations with all thr…
Exclusive: Amazon zooms in on central Mexico for large new warehouse
Amazon.com Inc is scouting for land in central Mexico for a fourth distribution center in the country, sources said, aiming at a bigger slice of the burgeoning e-commerce market in Latin America’s second-largest economy.
Pfizer to cut around 2 percent of jobs through early next year
U.S. drugmaker Pfizer Inc plans to reduce its global headcount by around 2 percent through voluntary retirements and layoffs this year and early next year, as it looks to streamline its corporate structure and eliminate some managerial roles and respo…
Wall St. takes a step back; Fed minutes on deck
U.S. stocks slipped in a choppy session on Wednesday, struggling to sustain a rally from the previous session, as IBM snapped a run of strong blue-chips earnings and disappointing housing data dragged down Home Depot and homebuilders.
