Low-fee BlackRock funds reel in cash but earnings disappoint
NEW YORK (Reuters) – BlackRock Inc’s second-quarter results failed to impress Wall Street on Monday as the world’s biggest asset manager cut fees to lure a wave of investor cash into its exchange-traded funds, sending shares down more than 3 percent.
Barclays 2008 Qatar fundraising trial set for Jan 2019
LONDON (Reuters) – The trial of Barclays and four former top executives charged with fraud over undisclosed payments to Qatari investors as part of a 12 billion pound ($15 billion) emergency fundraising during the 2008 financial crisis has been set fo…
Major tech firms urge U.S. to retain net neutrality rules
WASHINGTON (Reuters) – A group representing major technology firms including Alphabet Inc and Facebook Inc urged the U.S. Federal Communications Commission on Monday to abandon plans to reverse the landmark 2015 rules barring internet service provide…
Not so fast: U.S. restaurant workers seek ban on surprise scheduling
NEW YORK (Reuters) – The text message came as Flavia Cabral walked to a McDonald’s restaurant in Manhattan for her 6 p.m. shift on a May evening. It was from her manager. Business was slow and she was not needed.
China cracks down on Dalian Wanda’s overseas deals: sources
BEIJING/HONG KONG (Reuters) – China’s regulators have told banks to stop providing funding for several of Dalian Wanda Group’s overseas acquisitions as Beijing looks to curb the conglomerate’s offshore buying spree, sources familiar with the matter sai…
ECB eyes review of Deutsche Bank shareholders: source
FRANKFURT (Reuters) – Europe’s top banking regulator, the European Central Bank (ECB), is considering carrying out a review of Deutsche Bank’s two largest shareholders, a regulatory source said on Monday.
Mazda recalls additional 19,000 vehicles in South Africa over airbag scare
CAPE TOWN (Reuters) – Mazda Motor Corp. is recalling 19,000 cars in South Africa due to airbag safety concerns as the Japanese carmaker extends a global recall to cover a wider manufacturing period, its local unit said on Monday.
Uber suspends ride-sharing services in Macau
HONG KONG (Reuters) – Uber Technologies Inc will suspend its services in Macau from July 22 as it has not been able to unlock the full benefits of ride sharing in the gambling hub, in another blow to the firm that is fighting legal scrutiny in many Asi…
Didn’t pay your Macy’s bill? Expect a text from Citigroup
NEW YORK (Reuters) – When consumers have trouble making ends meet, bills from retailers that have gone bankrupt or closed tend to go toward the bottom of the pile.
Takata’s bankruptcy to pit automakers against air bag victims
WILMINGTON, Del./NEW YORK (Reuters) – The global recall of Takata Corp’s defective air bags widened last week and the number of confirmed deaths rose, but legal experts said the bigger worry for car companies caught in the fallout is playing out in a D…
