Samsung scion Lee walks free after jail term suspended, faces leadership challenges
SEOUL (Reuters) – Samsung Group heir Jay Y. Lee left a South Korean jail a free man on Monday after a panel of judges suspended his sentence, a surprise decision that sent shockwaves through the country’s political and business establishments.
Global stocks routed, yields rise as U.S. inflation threat spooks markets
LONDON (Reuters) – Stock markets were routed around the globe on Monday, with European indexes opening lower and bond yields rising as resurgent U.S. inflation raised the possibility central banks would tighten policy more aggressively than had been ex…
Boeing may express interest in Canada fighter jet bid: executive
SINGAPORE (Reuters) – Boeing may express interest in a jet fighter competition in Canada despite a recent trade row, but is still studying the matter, a senior executive said on Monday.
Samsung scion Lee walks free as South Korea court suspends jail term
SEOUL (Reuters) – A South Korean appeals court on Monday suspended a jail sentence handed down to Samsung Group heir Jay Y. Lee, setting him free after a year’s detention amid a corruption scandal that brought down the former president.
Exclusive: U.S. consumer protection official puts Equifax probe on ice – sources
WASHINGTON (Reuters) – Mick Mulvaney, head of the Consumer Financial Protection Bureau, has pulled back from a full-scale probe of how Equifax Inc failed to protect the personal data of millions of consumers, according to people familiar with the matte…
A decade after recession, a jump in U.S. states with wage gains
OAKLAND, Calif./CANTON, N.Y./WASHINGTON (Reuters) – The kind of pay raises for which American workers have waited years are now here for a broadening swath of the country, according to a Reuters analysis of state-by-state data that suggests falling une…
Fed puts brakes on Wells Fargo when bank needs to step on gas
BOSTON (Reuters) – The Federal Reserve’s surprise ban on Wells Fargo & Co growing its balance sheet comes at a difficult juncture for the United States’ third-largest lender.
Stocks punished as inflation shadow spooks bonds
SYDNEY (Reuters) – Asian shares fell the most in over a year on Monday as fears of resurgent inflation battered bonds, toppled Wall Street from record highs and sparked speculation that central banks globally might be forced to tighten policy more aggr…
Energy stocks have room to build on solid start
NEW YORK (Reuters) – Energy stocks have got off to a strong start this year and look poised to run further, fueled in part by a rebound in oil prices, climbing U.S. production and investors looking to take advantage of shares that could be a bargain af…
U.S. asset managers shake up equity research as banks cut back
NEW YORK (Reuters) – As new rules spur Wall Street banks to further shrink their research budgets, U.S. asset management firms are shoring up in-house research, and reinventing the stockpicking business in the process.
