Apple shifts responsibility for Siri to operating system chief
(Reuters) – Apple Inc has transferred responsibility for Siri, its voice assistant, from content chief Eddy Cue to operating systems chief Craig Federighi, a sign that the company is looking to embed the voice assistant more deeply into its core syste…
Harvey’s wake tempers bullish outlook for U.S. oil output growth
HOUSTON (Reuters) – Damage and delays from Tropical Storm Harvey will hold the U.S. oil industry back from achieving a targeted 10 million barrels per day of production anytime soon, according to analysts, a setback in America’s fight for global market…
Dudley broke code of conduct in Wells disclosure misstep: NY Fed
NEW YORK (Reuters) – William Dudley, a tough-talking U.S. regulator who heads the Federal Reserve Bank of New York, violated a code of conduct by failing to disclose that his half-sister worked at Wells Fargo & Co , according to an investigation into potential conflicts of interest.
Nine years on, another Lehman Brothers bankruptcy
WILMINGTON, Del (Reuters) – Two affiliates of Lehman Brothers, the U.S. investment bank that collapsed in 2008 and fueled an economic crisis, filed for Chapter 11 bankruptcy late on Thursday, a reminder of the complexity of unwinding a global financial…
Wall Street edges up as rate-hike bets in check after jobs data
NEW YORK (Reuters) – Wall Street gained modestly on Friday as a tepid U.S. jobs report kept expectations muted for another interest rate hike this year, while investors kicked off a typically dour month for stocks on a positive note.
Harvey not likely to weigh much on farm freight, logistics: Cargill CEO
MEXICO CITY (Reuters) – Global commodities trader Cargill Inc [CARG.UL] does not expect a significant impact on freight costs or logistics from the massive flooding caused by Hurricane Harvey in Texas and Louisiana, its top executive said on Friday.
Automaker shares rise as Texans must replace drowned cars
DETROIT (Reuters) – Shares of the Big Three Detroit automakers rose on Friday despite lackluster August sales, with investors focusing on a likely surge in demand as residents of the U.S. Gulf Coast replace flood-damaged cars and trucks.
Wall Street gains as rate hike bets in check after jobs data
NEW YORK (Reuters) – Wall Street gained on Friday as a tepid U.S. jobs report did little to change bets for another interest rate hike this year, while investors were on track to kick off a typically dour month for stocks on a positive note.
Fed investigated Dudley’s omission of sibling at Wells Fargo
NEW YORK (Reuters) – The New York Federal Reserve said on Friday its president, influential U.S. policymaker and bank regulator William Dudley, violated its code of conduct by failing to disclose that his half-sister was an employee of Wells Fargo & Co .
U.S. regulators drop fraud case against Wall Street financier Wey
(Reuters) – U.S. securities regulators on Friday moved to drop their fraud case against Wall Street financier Benjamin Wey, about a month after prosecutors dropped a related criminal case after a judge threw out some evidence.
