Fed’s Yellen says AIG’s threat to stability is reduced after downsizing
WASHINGTON (Reuters) – American International Group Inc poses less of a threat to financial stability because it shrank its assets by more than $500 billion, Federal Reserve Chair Janet Yellen said on Monday in explaining why she voted in favor of rel…
Asian shares edge down, Wall Street records limit losses
TOKYO (Reuters) – Asian shares tiptoed lower on Tuesday, pressured by weaker oil prices but supported by records on Wall Street and upbeat economic data that lifted U.S. Treasury yields and the dollar.
Uber boss to meet London transport chief in bid to keep license
LONDON (Reuters) – Uber’s new global boss Dara Khosrowshahi will meet London’s transport regulator on Tuesday as the taxi hailing app fights to keep its license in one of its most important foreign markets.
American Express wins dismissal of lawsuit over lost Costco contract
NEW YORK (Reuters) – American Express Co has won the dismissal of a lawsuit accusing the credit card services company of defrauding shareholders about the loss in 2015 of a lucrative co-branding relationship with Costco Wholesale Corp .
Exclusive: U.S. mulls further Wells Fargo sanction over sales abuses – source
WASHINGTON/NEW YORK (Reuters) – The main regulator for Wells Fargo & Co is considering whether to sanction the U.S. bank over improperly charging customers for car insurance and mortgage loans, according to a source familiar with the matter.
Wall Street starts quarter higher; data signals strength
NEW YORK (Reuters) – U.S. stocks started the fourth quarter on a strong note on Monday, with all three major indexes hitting record high closes as data pointed to underlying strength in the economy.
Equifax failed to patch security vulnerability in March: former CEO
WASHINGTON (Reuters) – Equifax Inc was alerted in March to the software security vulnerability that led to hackers obtaining personal information of more than 140 million Americans but took months to patch it, its former CEO said in testimony to be de…
Tesla deliveries rise in third quarter, but Model 3 faces ‘bottlenecks’
(Reuters) – Luxury electric vehicle maker Tesla Inc said on Monday its deliveries rose 4.5 percent in the third quarter from the prior-year period, but said “production bottlenecks” had left the company behind its planned ramp-up for the new Model 3 m…
BlackBerry’s patent strategy head exits, joins health tech firm -sources
TORONTO (Reuters) – The man who was leading BlackBerry Ltd’s efforts to make money from its patent portfolio has left to join a health technology company, two sources with knowledge of the move said on Monday.
Trump says wants to reduce U.S. trade deficit with Thailand
WASHINGTON/BANGKOK (Reuters) – President Donald Trump wants to reduce the U.S. trade deficit with Thailand, he told the country’s prime minister on Monday in a meeting that marked another sign of warming ties between Washington and Bangkok.
