Oil dips on rising U.S. supplies, market still tense on conflict in Syria
SINGAPORE (Reuters) – Oil prices on Wednesday eased away from 2014 highs reached the previous session as escalating Middle East tensions were offset by increasing inventories and production in the United States.
U.S. companies found ways to avoid taxes before tax bill: report
WASHINGTON (Reuters) – Fifteen U.S. corporations including online retailer Amazon.com Inc , power company Duke Energy Corp and insurer Prudential Financial Inc avoided U.S. tax on nearly $25 billion in combined profits last year, a tax watchdog group…
Federal Reserve proposes new capital rules for Wall Street
WASHINGTON (Reuters) – The Federal Reserve on Tuesday proposed new rules that could allow some large banks to reduce the amount of capital they must hold as a cushion against a future economic shock.
Asia stocks firm as trade war fears ease, euro buoyant
TOKYO (Reuters) – Asian stocks were firm on Wednesday as investors lapped up the positive mood in markets after China’s President Xi Jinping helped ease fears over a U.S.-China trade row, while the euro hovered near two-week highs.
Starboard seeks four board seats at Newell: filing
BOSTON (Reuters) – Activist hedge fund Starboard Value LP said on Tuesday it plans to seek four board seats at consumer products group Newell Brands , arguing more work is needed to repair the company even after rival activist Carl Icahn was handed boa…
BofA to stop lending to some makers of military firearms: Bloomberg
(Reuters) – Bank of America Corp plans to stop lending to companies that make military-style firearms for civilians, Bloomberg reported on Tuesday, making it the second major U.S. lender to address gun sales after the Florida high school shooting that…
Fiat Chrysler, U.S. Justice Department in diesel emissions settlement talks
(Reuters) – Fiat Chrysler Automobiles NV is in advanced settlement talks with the U.S. Justice Department and California Air Resources Board over accusations that the company illegally used software that led to excess emissions in 104,000 U.S. diesel v…
Facebook shares rise sharply as Zuckerberg deters regulation talk
WASHINGTON/SAN FRANCISCO (Reuters) – Facebook Inc shares posted their biggest daily gain in nearly two years on Tuesday as Chief Executive Mark Zuckerberg fended off questions from U.S. senators on how the world’s largest social network might be regula…
U.S. companies found ways to avoid taxes before tax cut bill: report
WASHINGTON (Reuters) – Fifteen U.S. corporations including online retailer Amazon.com Inc , power company Duke Energy Corp and insurer Prudential Financial Inc avoided U.S. tax on nearly $25 billion in combined profits last year, a tax watchdog group…
Sprint in new talks to merge with T-Mobile: sources
(Reuters) – Sprint Corp has restarted talks to merge with T-Mobile US Inc , people familiar with the matter said on Tuesday, the latest effort to bring together the fourth and third largest U.S. wireless carriers.
