Facebook’s Zuckerberg drills down into North Dakota’s oil patch
(Reuters) – Facebook Inc Chief Executive Mark Zuckerberg toured a North Dakota drilling rig on Tuesday and peppered industry workers in the No. 2 U.S. oil-producing state with questions about automation, safety and fracking.
Google wins challenge against 1.1 billion euro French tax bill
PARIS (Reuters) – U.S. internet giant Google on Wednesday won a court challenge against demands by French authorities that it pay 1.1 billion euros ($1.3 billion) in back taxes.
JPMorgan hires new head of global government relations
(Reuters) – JPMorgan Chase & Co has hired a former chief of staff to majority leaders of the U.S. House of Representatives as its new head of global government relations, according to an internal memo the bank provided on Wednesday.
Oil majors face downgrades if crude prices don’t pick up: S&P
LONDON (Reuters) – Big oil firms would face increased credit rating downgrade pressures if crude prices stayed below $50 a barrel on average until the end of 2018 and they did not compensate by cutting costs, S&P Global said on Wednesday.
U.S. appeals court blocks release of HSBC money laundering report
NEW YORK (Reuters) – A U.S. appeals court on Wednesday blocked the release of a report discussing HSBC Holdings Plc’s progress in improving its controls against money laundering, reversing a judge’s order that the report be made public.
Fed’s Yellen says rate and portfolio plans on track, cautions on inflation
WASHINGTON (Reuters) – The U.S. economy is healthy enough for the Fed to raise rates and begin winding down its massive bond portfolio, though low inflation and a low neutral rate may leave the central bank with diminished leeway, Fed Chair Janet Yelle…
RBS to pay $5.5 billion to resolve major U.S. mortgage probe
LONDON/NEW YORK (Reuters) – Royal Bank of Scotland will pay $5.5 billion to settle one of the two major U.S. investigations into allegations it mis-sold mortgage-backed bonds that it needs to resolve before the British government can sell its shares.
SK Hynix CEO’s stake stand off muddies Toshiba chip sale
SEOUL (Reuters) – SK Hynix Inc still wants an equity stake in Toshiba Corp’s chip unit, it said on Wednesday, complicating a bid for the business by a consortium it is part of.
American Airlines’ upbeat forecast lifts airline stocks
(Reuters) – U.S. airline stocks rose on Wednesday after American Airlines Group Inc became the latest carrier to raise its estimate for per seat revenue over the past week.
U.S. should not block Chinese chip acquisitions: China think-tank
BEIJING (Reuters) – The United States should not block Chinese acquisitions of U.S. semiconductor technologies, a leading state think-tank in Beijing said on Wednesday, as Washington heightens scrutiny of Chinese investments in the sector.
