EU antitrust regulators say probing possible German car cartel
BRUSSELS (Reuters) – EU antitrust regulators are investigating allegations of a cartel among a group of German carmakers, the European Commission said on Saturday, a measure that could result in hefty fines for the companies.
Scaramucci awaits U.S. approval for China deal
NEW YORK (Reuters) – Anthony Scaramucci, the Trump administration’s new communications director, has yet to get approval from U.S. regulators to sell his hedge fund firm to a group led by Chinese conglomerate HNA, according to a person familiar with th…
Exclusive: U.S. weighs financial sanctions to hit Venezuela’s oil revenue – sources
HOUSTON/WASHINGTON (Reuters) – The United States is considering financial sanctions on Venezuela that would halt dollar payments for the country’s oil, according to a senior White House official and an adviser with direct knowledge of the discussions.
Deutsche Bank, JPMorgan to pay $148 million to end yen Libor cases in U.S.
NEW YORK (Reuters) – Deutsche Bank AG and JPMorgan Chase & Co have agreed to pay a combined $148 million to end private U.S. antitrust litigation claiming they conspired with other banks to manipulate the yen Libor and Euroyen Tibor benchmark interest rates.
U.S. fines American, Delta, Frontier for consumer rule violations
WASHINGTON (Reuters) – Frontier Airlines, American Airlines and Delta Air Lines have been fined for violating U.S. Transportation Department airline consumer protection rules, the department said on Friday.
Small-cap rally could shrink on earnings, tax reform hurdles
NEW YORK (Reuters) – Optimism is souring around small-cap stocks for some investors, with a host of factors conspiring to up-end gains that have taken them to record highs.
Lemonheads owner Ferrara eyes Nestle’s candy business: sources
(Reuters) – Ferrara Candy Co, the owner of candies such as Lemonheads and Now & Later chews, is preparing to participate in the auction for Swiss food group Nestle SA’s U.S. candy business, people familiar with the matter said on Friday.
U.S. financial regulators to discuss Metlife lawsuit on July 28: Treasury
WASHINGTON (Reuters) – Heads of the U.S. financial regulatory agencies will meet behind closed doors next Friday to discuss MetLife Inc’s lawsuit against them, according to a notice from Treasury, as the Trump administration wrestles with reforms aris…
U.S. to drop criminal charges in ‘London Whale’ case
NEW YORK (Reuters) – U.S. prosecutors have decided to drop criminal charges against two former JPMorgan Chase & Co derivatives traders implicated in the “London Whale” trading scandal that caused $6.2 billion of losses in 2012.
Democrats in U.S. Congress urge review of Amazon’s Whole Foods deal
WASHINGTON (Reuters) – A group of Democrats in Congress urged the U.S. Department of Justice and Federal Trade Commission in a letter this week to conduct a more in-depth review of online retailer Amazon.com Inc’s plan to buy grocer Whole Foods Market …
