U.S. frees Prudential Financial from more rigorous Fed oversight
A U.S. regulatory council announced on Wednesday it had removed the systemically risky label from Prudential Financial , freeing the insurance company from more rigorous oversight by the Federal Reserve.
Rising rates knock U.S. mortgage activity to lowest since 2014: MBA
U.S. consumers filed the fewest requests for a mortgage since late 2014 last week as most home borrowing costs reached their highest levels in more than seven years, the Mortgage Bankers Association said on Wednesday.
World stock recovery loses steam as European auto sector takes beating
A recovery by global stocks proved short-lived as warnings over a slowing European auto sector soured an upbeat mood, while Wall Street was set for a slightly lower open after enjoying its best session in eight months the previous day.
Netflix: Top analyst downgrades citing limited margin expansion
** Keybanc Capital markets downgrades its rating on Netflix to “sector weight” from “overweight” citing limited investment efficiency, margin expansion and ancillary opportunities for co over the next year
Siemens may have to share big Iraq power contract with GE – Financial Times
Siemens may have to share a multi-billion dollar deal with U.S. rival General Electric to improve Iraq’s energy supply system following an intervention by President Donald Trump’s administration, The Financial Times reported on Wednesday.
Stock futures cool after strong rally; Fed minutes awaited
U.S. stock futures fell on Wednesday, a day after Wall Street’s strongest rally in seven months, as investors were disappointed with IBM’s results and remained cautious ahead of the minutes of Federal Reserve’s latest meeting.
Boeing signs maintenance deals with El Al Airlines, Lufthansa
Boeing Co signed a two-year maintenance deal with Israel’s El Al Airlines on Wednesday, as it looks to boost its high-margin after-sales business that services planes bought by airlines and military customers.
Timeline: Regulator rejects Danske Bank’s choice for chief executive
Danske Bank , reeling from a money laundering scandal, suffered another setback on Wednesday when the Danish financial regulator rejected its candidate for chief executive on the grounds that he lacked sufficient experience.
Exclusive: Express Scripts covers Amgen, Lilly migraine therapies, excludes Teva drug
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 is excluding a rival medication made by Teva Pharmaceutical Industries Ltd after price negotiations …
Netflix shares jump after record subscriber growth
Shares of Netflix Inc soared 11 percent before the bell on Wednesday after the company put fears of a slowdown in growth to bed by racking up 7 million new subscribers between July and September.
