U.S. senators press Justice Department on Daimler emissions probe: letter
WASHINGTON (Reuters) – Two Democratic U.S. senators on Friday urged Attorney General Jeff Sessions to thoroughly investigate Daimler AG after a media report alleged the automaker used potentially illegal software to pass diesel emissions tests, accord…
U.S. banks set for M&A wave as Trump cuts red tape
WASHINGTON (Reuters) – An easing of financial rules will soon unleash pent-up mergers and acquisitions among mid-sized U.S. banks, according to deal bankers, analysts and bank executives.
Volkswagen 2017 profit nearly doubles amid luxury sales surge, brand cuts
BERLIN (Reuters) – Volkswagen said full-year profit nearly doubled last year, helped by record sales of luxury Audi and Porsche models and cost cuts at its VW mass-market brand.
Wall Street advances on gains in tech stocks
(Reuters) – Wall Street’s main indexes rose on Friday, with gains in technology stocks helping claw back some of the week’s losses, which were sparked by concerns about interest rates.
Fed should lean on rate cuts, not QE, in next recession: paper
NEW YORK (Reuters) – The Federal Reserve should focus on lowering interest rates in the face of the next recession, and avoid relying on asset purchases that are a less effective policy tool than previously thought, four top U.S. economists told a room…
U.S. appeals court revives Schwab Libor manipulation claims
NEW YORK (Reuters) – Charles Schwab Corp and several of its mutual funds persuaded a U.S. appeals court on Friday to revive several of its claims against large banks they accused of manipulating the Libor benchmark interest rate.
HPE shares soar on $7 billion repurchase plan, upbeat forecast
(Reuters) – Shares of Hewlett Packard Enterprise rose 7 percent to a record in early trading on Friday after the company unveiled a $7 billion share buyback program, reported strong quarterly results and raised its full-year profit forecast.
Tech stocks pull Wall Street higher at open
(Reuters) – Wall Street’s main indexes opened higher on Friday, led by gains in technology stocks.
Citigroup discloses credit card rate issues
NEW YORK (Reuters) – Citigroup Inc said on Friday that it had found “methodological issues” in figuring credit card interest rates and that it will provide “remediation” to affected customers.
‘Sooner, faster, now’ – the companies surfing the e-commerce wave
LONDON (Reuters) – Amazon’s assault on the retail industry has brought misery to traditional retailers without a strong web presence.
