Hack of Wall St. regulator rattles investors, lawmakers
WASHINGTON (Reuters) – Wall Street’s top regulator came under fire on Thursday about its cyber security and disclosure practices after admitting hackers had breached its database of corporate announcements in 2016 and may have used it for insider tradi…
Brazil police formally accuse JBS Batista brothers of insider trading
SAO PAULO (Reuters) – Brazil’s federal police on Thursday formally asked prosecutors to bring charges against brothers Wesley and Joesley Batista, the owners of meatpacker JBS SA , for insider trading.
Wall St. lower as Apple, Fed view weigh
(Reuters) – The three major U.S. indexes were trading lower on Thursday, scaling back from their record levels, weighed down by Apple and the Federal Reserve’s indication to raise interest rates for third time despite low inflation.
Daimler to invest $1 billion in Alabama plant, create over 600 jobs
BERLIN (Reuters) – Germany’s Daimler said it will invest $1 billion to expand its U.S.-based Mercedes-Benz plant in Alabama to start building electric sport-utility vehicles there from about 2020.
Exclusive: Macquarie leapfrogs Goldman to join top tier of commodity banks
LONDON (Reuters) – Australia’s Macquarie Group Ltd has overtaken Goldman Sachs to break into the top three banks for commodities business, having significantly expanded its U.S. energy operations in recent years while rivals cut back.
Wells Fargo CEO to testify before Senate as questions linger over scandal
WASHINGTON (Reuters) – Wells Fargo Chief Executive Tim Sloan is due to testify before Congress on Oct. 3 as the bank deals with fallout from a sales scandal a year ago that continues to spark new revelations.
Hack of U.S. securities regulator rattles investors, stirs doubts
WASHINGTON/NEW YORK (Reuters) – Wall Street’s top regulator faced questions on Thursday about its defenses against cyber criminals after admitting hackers breached its electronic database of corporate announcements and may have used it for insider trad…
Wall Street slips from record levels as Apple, Fed view weigh
(Reuters) – U.S. stocks slipped from their all-time highs on Thursday, weighed down by Apple and the hawkish stance of the Federal Reserve, which hinted at raising interest rates for a third time this year despite low inflation.
Exclusive: Chipmaker GlobalFoundries asks EU to investigate bigger rival TSMC – source
BRUSSELS (Reuters) – U.S. electronic chipmaker GlobalFoundries has asked European antitrust regulators to investigate market leader TSMC , accusing the Taiwanese firm of unfair competition, an industry source said on Monday.
Daimler joins rush to add more North American auto plants: report
DETROIT (Reuters) – U.S. automakers are facing mounting pressure amid slowing demand in the country, as Asian and European automakers aggressively ramp up vehicle production in North America, including a new investment by Daimler AG.
