Wells Fargo gets approval for exchange traded index funds
(Reuters) – Wells Fargo & Co got initial approval to create exchange traded index funds (ETFs), according to a notice filed by the U.S. Securities and Exchange Commission on Wednesday.
Exclusive: Blackstone, Apollo team up for Westinghouse bid – sources
(Reuters) – Private equity firms Blackstone Group LP and Apollo Global Management LLC have teamed up to bid for the business of bankrupt U.S. nuclear power plant services firm Westinghouse Electric Co, people familiar with the matter said.
Senators want probe of Allergan transfer deal with tribe: letter
(Reuters) – Four U.S. senators have asked the Senate Judiciary Committee to launch an investigation into a deal drugmaker Allergan Plc struck with a Native American tribe to protect some of its patents from generic challenge, according to a letter see…
Trump proposal slashes taxes on businesses, the rich; fuels deficit worries
WASHINGTON (Reuters) – President Donald Trump on Wednesday proposed the biggest U.S. tax overhaul in three decades, offering to cut taxes for most Americans but prompting criticism that the plan favors the rich and companies and could add trillions of …
Mexico opens way for NAFTA talks to run into 2018
OTTAWA (Reuters) – Mexico on Wednesday opened the possibility that talks to revamp the NAFTA trade agreement were so complex that they could run into 2018, beyond an end-December deadline designed to avoid Mexico’s presidential election campaign which …
Financier Lynn Tilton defeats SEC fraud charges
(Reuters) – The U.S. Securities and Exchange Commission suffered a defeat on Wednesday, as a judge said it failed to prove private equity fund manager Lynn Tilton defrauded investors by hiding the poor performance of assets underlying three debt funds….
U.S. senators want probe of Allergan transfer deal with tribe: letter
(Reuters) – Four U.S. senators have asked the Senate Judiciary Committee to launch an investigation into a deal drugmaker Allergan Plc struck with a Native American tribe to protect some of its patents from generic challenge, according to a letter seen…
NAFTA negotiators make some progress amid strains in U.S.-Canada relations
OTTAWA (Reuters) – The United States, Canada, and Mexico said on Wednesday they had made some progress in talks to modernize NAFTA, but acknowledged that relations between Washington and Ottawa had become strained over a U.S. decision to impose prelimi…
Wall St. gains on financials boost, tax hopes
NEW YORK (Reuters) – U.S. stocks rose on Wednesday as gains in financial shares were powered by growing expectations for a December interest rate hike and on hopes President Donald Trump’s administration may be making progress on a tax plan.
U.S. tax plan puts reflation trade back on investors’ radar
The “reflation,” or “Trumpflation,” trade that drove financial markets after Donald Trump’s surprise U.S. presidential election victory last November made a comeback on Wednesday as the unveiling of Trump’s long-promised tax overhaul revived bets that …
