Wells Fargo scrutinized by regulator for auto insurance program: NYT
(Reuters) – Wells Fargo & Co engaged in deceptive auto insurance practices, failed to properly manage risks and hasn’t set aside enough funds to pay back affected customers, the New York Times reported, citing a confidential report by federal regulators.
Exclusive: Iberdrola demands change at Siemens Gamesa as problems mount
MADRID (Reuters) – Spanish utility Iberdrola is becoming increasingly concerned about the way German group Siemens is managing the Spanish-based wind power joint venture Siemens Gamesa , two people with knowledge of the matter said.
Schlumberger, Baker Hughes warn of weak fourth quarter
(Reuters) – The world’s top two oilfield services firms warned on Friday of a challenging fourth quarter for the industry, as investment slows due to soft oil prices and energy firms reducing activity on offshore rigs.
Bank, tech stocks lift Wall Street
(Reuters) – U.S. stocks inched higher on Friday as bank stocks rose and tech stocks recovered, with investor optimism back as Trump administration cleared a hurdle to lower taxes.
U.S. existing home sales unexpectedly rebound in September
WASHINGTON (Reuters) – U.S. home resales unexpectedly increased in September as the effects of Hurricanes Harvey and Irma began to dissipate, but a persistent dearth of properties for sale continued to weigh on overall activity.
BMW confirms inspection by EU antitrust officials
MUNICH (Reuters) – German carmaker BMW on Friday confirmed that EU antitrust staff were in Munich this week to search its offices.
Wall Street set to open higher fueled by tax-cut optimism
(Reuters) – Wall Street was poised to open higher on Friday on growth optimism as the Trump administration inched a step closer to implementing its tax-cut plan.
P&G’s quarterly sales drag; Peltz still looms in board battle
(Reuters) – Procter & Gamble Co disappointed Wall Street with sales on Friday, a week after it claimed to have fought off hedge-fund manager Nelson Peltz’s move to muscle onto the board and force more dramatic change at the consumer goods giant.
Schlumberger, Baker Hughes warn of North America slowdown
(Reuters) – Schlumberger Ltd and Baker Hughes , the world’s top two oilfield services firms, warned on Friday of a slowdown in North America and a challenging year ahead as crude oil prices stay volatile.
Trump tax reform hopes boost dollar, stocks, bond yields
LONDON (Reuters) – European stocks, the dollar and bond yields climbed on Friday as investors speculated that the “Trumpflation trade” could be back in play, after the U.S. Senate approved a budget blueprint that paves the way for tax cuts.
