Platinum founder’s lawyers ordered not to contact U.S. government witnesses
NEW YORK (Reuters) – A U.S. judge on Friday ordered lawyers defending Platinum Partners founder Mark Nordlicht in a $1 billion fraud case not to communicate with U.S. government witnesses or their lawyers, after prosecutors claimed Nordlicht’s lawyers …
Elliott lawyer says third bidder may top Buffett’s Oncor bid
(Reuters) – An unidentified utility could pay $9.3 billion to buy Texas power transmission company Oncor Electric Delivery Co, topping Berkshire Hathaway Inc’s $9 billion bid, a lawyer for the largest creditor of Oncor’s parent told a U.S. bankruptcy j…
Exclusive: Citigroup tops bank group for Petrobras unit IPO – source
SAO PAULO (Reuters) – Citigroup Inc and seven other banks will underwrite the initial public offering of Petróleo Brasileiro SA’s fuel distribution unit, which will likely occur in November, a person with direct knowledge of the plan said.
N.Y. Fed raises U.S. third-quarter GDP growth view above two percent
NEW YORK (Reuters) – The New York Federal Reserve on Friday raised its estimate of U.S. gross domestic product growth for the third quarter above 2 percent based on this week’s data on retail sales, industrial output and regional manufacturing.
Summer rumblings could herald a stormy fall for U.S. stocks
NEW YORK (Reuters) – The Trump-fed rally in stocks, lately showing signs of faltering as the long Wall Street summer nears its end, faces a key test in the weeks ahead with the approach of a historically unkind season for equities and a clutch of issue…
Wells Fargo troubles shift from phony bank accounts to real ones
(Reuters) – After paying customers millions of dollars for opening phony accounts they did not want, Wells Fargo & Co has said it is now grappling with the possibility it harmed customers by closing real accounts they needed, leaving them without access to funds.
Stability concerns focus at Fed ahead of Yellen speech
WASHINGTON (Reuters) – The stock market’s steady rise, still low long-term bond yields and a sagging dollar are girding the Fed’s intent to raise interest rates again this year despite concerns about weak inflation, according to comments this week from…
Facebook’s Mark Zuckerberg to take two months of paternity leave
(Reuters) – Facebook Inc founder Mark Zuckerberg said on Friday he would be taking two months of paternity leave after the birth of his second daughter.
U.S. dollar stores stand their ground in escalating retail price war
U.S. dollar stores have not become collateral damage, as feared, in a price war among big retailers including Wal-Mart Stores Inc and Kroger Co , which has pushed down prices of key items such as eggs and laundry detergent.
NAFTA negotiators hone in on origin rules, dispute settlement
WASHINGTON (Reuters) – U.S., Canadian and Mexican negotiators on Friday began digging into some of the thorniest issues in modernizing the North American Free Trade Agreement, including rules of origin for goods produced in the region, services trade a…
